The stock of Paragon Entertainment Ltd (LON:PEL) hit a new 52-week high and has GBX 3.83 target or 3.00% above today’s GBX 3.72 share price. The 8 months bullish chart indicates low risk for the GBX 6.99M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the GBX 3.83 price target is reached, the company will be worth GBX 209,700 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 3.42% or GBX 0.12 on November 29, hitting GBX 3.72. About 93,132 shares traded hands. Paragon Entertainment Ltd (LON:PEL) has risen 121.54% since April 28, 2016 and is uptrending. It has outperformed by 116.28% the S&P500.
Another recent and important Paragon Entertainment Ltd (LON:PEL) news was published by Reuters.com which published an article titled: “BRIEF-Paragon Entertainment sees higher FY EBITDA” on November 01, 2016.
Paragon Entertainment Limited is a holding company, which is engaged in the distribution of pre-packaged leisure and attraction products and license branded attraction concepts to operators of attractions and leisure destinations. The company has a market cap of 6.99 million GBP. The Company’s principal activities include licensing and distribution, and Paragon Creative Limited, through which it conducts design and build business. It has a 12.54 P/E ratio. The Company’s divisions include Design and Build, and Licensing and Distribution.
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