Is Korvest Limited a Buy? The Stock Rises Again

 Is Korvest Limited a Buy? The Stock Rises Again

The stock of Korvest Limited (ASX:KOV) is a huge mover today! The stock increased 2.83% or $0.06 on November 30, hitting $2.18. About 15,500 shares traded hands or 125.68% up from the average. Korvest Limited (ASX:KOV) has declined 5.22% since May 4, 2016 and is downtrending. It has underperformed by 10.44% the S&P500.
The move comes after 7 months positive chart setup for the $23.97 million company. It was reported on Nov, 30 by Barchart.com. We have $2.29 PT which if reached, will make ASX:KOV worth $1.20M more.

Korvest Ltd is engaged in hot dip galvanizing; sheet metal fabrication; manufacture of cable and pipe support systems and fittings; design and assembly of access systems for mobile equipment, and sale, repair and rental of high torque tools. The company has a market cap of $23.97 million. The Firm operates through two divisions: Industrial Products and Production. It has a 23.84 P/E ratio. The Industrial Products segment includes the manufacture of electrical and cable support systems, steel fabrication and access systems.

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