What’s Propelling Cenkos Securities plc to Reach 52-Week Low?

 What's Propelling Cenkos Securities plc to Reach 52 Week Low?

The stock of Cenkos Securities plc (LON:CNKS) hit a new 52-week low and has GBX 69.69 target or 8.00% below today’s GBX 75.75 share price. The 8 months bearish chart indicates high risk for the GBX 42.40M company. The 1-year low was reported on Nov, 29 by Barchart.com. If the GBX 69.69 price target is reached, the company will be worth GBX 3.39 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 increased 0.33% or GBX 0.25 on November 29, hitting GBX 75.75. About 120,003 shares traded hands or 111.94% up from the average. Cenkos Securities plc (LON:CNKS) has declined 48.81% since May 2, 2016 and is downtrending. It has underperformed by 54.07% the S&P500.

More important recent Cenkos Securities plc (LON:CNKS) news were published by: Bloomberg.com which released: “U.K. Regulator Fines Cenkos $690000 Over Scandal-Laden Quindell” on August 09, 2016, also Uk.Finance.Yahoo.com published article titled: “Cenkos Securities plc (CNKS.L)”, Fool.Co.Uk published: “Cenkos Securities PLC Looks Like A Target For Barclays PLC” on January 07, 2015. More interesting news about Cenkos Securities plc (LON:CNKS) was released by: Fool.Co.Uk and their article: “Are Lighthouse Group plc, Cenkos Securities plc And BATM Advanced …” with publication date: March 23, 2016.

Cenkos Securities plc is a United Kingdom independent institutional securities company. The company has a market cap of 42.40 million GBP. The Company’s principal activity is institutional stockbroking. It has a 31.03 P/E ratio. Cenkos provides corporate finance, corporate broking, research and execution securities services to small and mid-cap growth companies, and other companies, across a range of industry sectors, as well as investment funds.

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