Is Buying Symbility Solutions Inc Here a Winning Strategy?

 Is Buying Symbility Solutions Inc Here a Winning Strategy?

The stock of Symbility Solutions Inc (CVE:SY) hit a new 52-week high and has $0.58 target or 5.00% above today’s $0.55 share price. The 8 months bullish chart indicates low risk for the $142.16 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $0.58 price target is reached, the company will be worth $7.11M 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 last traded at $0.55 per share. It is down 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.

More important recent Symbility Solutions Inc (CVE:SY) news were published by: Marketwired.com which released: “Symbility Expands European Footprint” on October 07, 2014, also Prnewswire.com published article titled: “Symbility to Report Third Quarter 2016 Financial Results”, Prnewswire.com published: “Cunningham Lindsey Selects Symbility’s Video Connect for use Worldwide” on November 15, 2016. More interesting news about Symbility Solutions Inc (CVE:SY) was released by: Theglobeandmail.com and their article: “Cut ties with a foreign partner with great care” with publication date: November 21, 2016.

Symbility Solutions Inc. is a Canada technology firm focused on providing claims processing solutions for various sectors of the insurance industry. The company has a market cap of $142.16 million. The Company’s divisions include Symbility Property , which provides claims processing and estimating software for property and casualty insurers; Symbility Health (group insurance software), which provides a software that enables insurers, third-party administrators, employee benefits brokers, and the pharmaceutical industry to re-define collaboration in the healthcare system, and Symbility Strategic Services (mobile and application software), which creates and develops technologies in the area of mobile applications, the Internet of Things, machine-to-machine and wearables to different industries. It currently has negative earnings.

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.

Related posts

Leave a Comment