Will Apc Technology Group PLC Short Squeeze Soon?

 Will Apc Technology Group PLC Short Squeeze Soon?

The stock of Apc Technology Group PLC (LON:APC) hit a new 52-week low and has GBX 5.73 target or 5.00% below today’s GBX 6.03 share price. The 7 months bearish chart indicates high risk for the GBX 7.85M company. The 1-year low was reported on Nov, 29 by Barchart.com. If the GBX 5.73 price target is reached, the company will be worth GBX 392,500 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 2.64% or GBX 0.16 on November 29, hitting GBX 6.03. About 291,951 shares traded hands or 93.36% up from the average. Apc Technology Group PLC (LON:APC) has declined 35.62% since April 29, 2016 and is downtrending. It has underperformed by 40.88% the S&P500.

APC Technology Group PLC is engaged in the distribution of specialist electronic components and helping clients through integrated water management products, services and solutions. The company has a market cap of 7.85 million GBP. The Firm operates through two divisions: the distribution of specialist electronic components and the sale of smart energy saving products and water services (Minimise). It currently has negative earnings. The Firm also has a Head Office that provides oversight and support to the trading businesses.

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