The stock of Aurora Labs Ltd (ASX:A3D) hit a new 52-week high and has $3.25 target or 9.00% above today’s $2.98 share price. The 6 months bullish chart indicates low risk for the $41.72 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $3.25 price target is reached, the company will be worth $3.75 million 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 19.20% or $0.48 on November 29, hitting $2.98. About 180,130 shares traded hands or 79.69% up from the average. Aurora Labs Ltd (ASX:A3D) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.
More news for Aurora Labs Ltd (ASX:A3D) were recently published by: Theguardian.com, which released: “3D printing and how it can revolutionise Australia’s remote communities” on October 05, 2016. Bizjournals.com‘s article titled: “Draper sells manufacturing plant, focuses on work with SOCOM” and published on January 15, 2016 is yet another important article.
Aurora Labs Limited is engaged in the design, development and manufacture of three-dimensional metal printers and associated services and products. The company has a market cap of $41.72 million. The Firm also specializes in the development of printer software and the supply of associated consumable materials. It currently has negative earnings. It makes two models of small format printers (SFPs): the S-Titanium and S-Titanium Pro.
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