The stock of Fantastic Holdings Limited (ASX:FAN) hit a new 52-week high and has $3.73 target or 7.00% above today’s $3.49 share price. The 9 months bullish chart indicates low risk for the $360.37 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $3.73 price target is reached, the company will be worth $25.23 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.29% or $0.01 on November 29, hitting $3.49. About 95,124 shares traded hands. Fantastic Holdings Limited (ASX:FAN) has risen 78.97% since May 3, 2016 and is uptrending. It has outperformed by 73.71% the S&P500.
More notable recent Fantastic Holdings Limited (ASX:FAN) news were published by: Fool.com.Au which released: “Is Fantastic Holdings Limited a better investment than Nick Scali Limited?” on September 21, 2016, also Fool.com.Au with their article: “Fantastic Holdings Limited share price set to soar” published on October 13, 2016, Fool.com.Au published: “Here’s why Fantastic Holdings Limited shares have skyrocketed today” on August 25, 2016. More interesting news about Fantastic Holdings Limited (ASX:FAN) were released by: Fool.com.Au and their article: “Why Fantastic Holdings Limited shares are getting smashed today” published on July 06, 2016 as well as Fool.com.Au‘s news article titled: “Fantastic Holdings Limited: A high-quality business to buy now?” with publication date: August 30, 2015.
Fantastic Holdings Limited is engaged in the retail, manufacture and importation of household furniture. The company has a market cap of $360.37 million. The Firm has three divisions, which include retail, manufacturing and others. It has a 31.52 P/E ratio. The retail segment comprises businesses that retail locally manufactured and imported household furniture under the Fantastic Furniture, Plush, Original Mattress Factory, Le Cornu and Ashley Furniture HomeStore brands in Australia.
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