The stock of Uvenco UK PLC (LON:UVEN) hit a new 52-week low and has GBX 3.84 target or 4.00% below today’s GBX 4.00 share price. The 5 months bearish chart indicates high risk for the GBX 3.73 million company. The 1-year low was reported on Nov, 28 by Barchart.com. If the GBX 3.84 price target is reached, the company will be worth GBX 149,200 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 20.00% or GBX 1 on November 28, hitting GBX 4. Uvenco UK PLC (LON:UVEN) has declined 41.18% since April 27, 2016 and is downtrending. It has underperformed by 47.19% the S&P500.
Uvenco UK plc, formerly SnackTime plc, is engaged in the sale and operation of hot drink and snack vending machines; operation of free on loan vending machines through franchise division, and production and supply of in-cup drinks and associated equipment. The company has a market cap of 3.73 million GBP. The Firm operates through three divisions: Specialist drinks, Franchising and Vending. It currently has negative earnings. The Specialist drinks segment is engaged in the manufacture and sale of single portion beverages, Drinkpacs, and sale of associated food and drink products.
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