The stock of SME Loan Fund PLC (LON:SMEF) hit a new 52-week low and has GBX 91.33 target or 3.00% below today’s GBX 94.15 share price. The 7 months bearish chart indicates high risk for the GBX 49.50M company. The 1-year low was reported on Nov, 29 by Barchart.com. If the GBX 91.33 price target is reached, the company will be worth GBX 1.49 million 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 increased 0.16% or GBX 0.15 on November 29, hitting GBX 94.15. About 5,377 shares traded hands. SME Loan Fund PLC (LON:SMEF) has declined 6.05% since May 2, 2016 and is downtrending. It has underperformed by 11.31% the S&P500.
The SME Loan Fund PLC, formerly GLI Alternative Finance PLC, is an investment company. The company has a market cap of 49.50 million GBP. The investment objective of the Company, together with its subsidiary, GLI Alternative Finance Guernsey Limited, is to provide shareholders with attractive risk adjusted returns through investment, principally via a portfolio of Investee Platforms, in a range of small and medium enterprises loan assets, diversified by way of asset class, geography and duration. It has a 13.57 P/E ratio. It invests in a range of SME loan assets, including short-term lending, such as invoice and supply chain financing; mid-term lending, such as trade or short-term bridge finance, and long-term lending, such as the provision of fixed term loans, with standard covenants and subject to monthly interest payments.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.