Does Atlas Mara Ltd Have Any Gas After Reaching 52-Week Low?

 Does Atlas Mara Ltd Have Any Gas After Reaching 52 Week Low?

The stock of Atlas Mara Ltd (LON:ATMA) hit a new 52-week low and has GBX 2.28 target or 3.00% below today’s GBX 2.35 share price. The 6 months bearish chart indicates high risk for the GBX 164.06M company. The 1-year low was reported on Nov, 29 by Barchart.com. If the GBX 2.28 price target is reached, the company will be worth GBX 4.92 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 decreased 4.08% or GBX 0.1 on November 29, hitting GBX 2.35. About 45,072 shares traded hands or 33.58% up from the average. Atlas Mara Ltd (LON:ATMA) has declined 42.35% since April 28, 2016 and is downtrending. It has underperformed by 47.61% the S&P500.

More notable recent Atlas Mara Ltd (LON:ATMA) news were published by: Bloomberg.com which released: “Diamond’s Atlas Mara Plans Job Cuts as Expenses Erode Income” on August 24, 2016, also Wsj.com with their article: “Bob Diamond’s Atlas Mara Posts $6.7 Million Loss” published on May 26, 2016, Bloomberg.com published: “Atlas Mara Drops to Record Low as Analyst Slashes Profit Targets” on August 18, 2016. More interesting news about Atlas Mara Ltd (LON:ATMA) were released by: Bloomberg.com and their article: “Diamond’s Atlas Mara Snared in Nigerian Banking Rout” published on July 13, 2016 as well as Bloomberg.com‘s news article titled: “Atlas Mara Target Crane Is Taken Over by Uganda Central Bank” with publication date: October 20, 2016.

Atlas Mara Limited is a financial services company. The company has a market cap of 164.06 million GBP. The Firm operates through four divisions: Southern Africa, East Africa, West Africa and Corporate. It has a 20.41 P/E ratio. The Company’s Southern Africa segment includes the activities of BancABC, excluding Tanzania, as well as BancABC’s holding company, ABC Holdings Limited and various affiliated non-bank Group entities.

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