The stock of Vocus Communications Limited (ASX:VOC) hit a new 52-week low and has $4.18 target or 4.00% below today’s $4.35 share price. The 5 months bearish chart indicates high risk for the $2.70 billion company. The 1-year low was reported on Nov, 29 by Barchart.com. If the $4.18 price target is reached, the company will be worth $108.00 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 24.48% or $1.41 on November 29, hitting $4.35. About 40.17M shares traded hands or 1047.71% up from the average. Vocus Communications Limited (ASX:VOC) has declined 50.94% since May 3, 2016 and is downtrending. It has underperformed by 56.20% the S&P500.
More notable recent Vocus Communications Limited (ASX:VOC) news were published by: Fool.com.Au which released: “Why the Vocus Communications Limited share price crashed on AGM update” on November 29, 2016, also Fool.com.Au with their article: “SMACKED: Why Vocus Communications Limited shares dropped 15%” published on November 28, 2016, Fool.com.Au published: “Shirtfronted: Why the Vocus Communications Limited share price is plunging today” on October 11, 2016. More interesting news about Vocus Communications Limited (ASX:VOC) were released by: Fool.com.Au and their article: “Vocus Communications Limited triples profit, is it good value?” published on August 23, 2016 as well as Reuters.com‘s news article titled: “Australian telecom firm Vocus buys rival, gains ground on market heavyweig…” with publication date: June 29, 2016.
Vocus Communications Limited is an integrated telecommunications provider. The company has a market cap of $2.70 billion. The Firm is engaged in providing telecommunications and other services to clients across Australia and New Zealand. It has a 22.44 P/E ratio. The Company’s divisions include Australia and New Zealand.
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