The stock of Mysale Group PLC (LON:MYSL) hit a new 52-week high and has GBX 101.71 target or 3.00% above today’s GBX 98.75 share price. The 6 months bullish chart indicates low risk for the GBX 151.17 million company. The 1-year high was reported on Nov, 30 by Barchart.com. If the GBX 101.71 price target is reached, the company will be worth GBX 4.54M 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 2.33% or GBX 2.25 on November 30, hitting GBX 98.75. About 705,292 shares traded hands or 83.71% up from the average. Mysale Group PLC (LON:MYSL) has risen 63.56% since May 2, 2016 and is uptrending. It has outperformed by 58.33% the S&P500.
Mysale Group PLC (LON:MYSL) Ratings Coverage
Out of 2 analysts covering Mysale Group Plc (LON:MYSL), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Mysale Group Plc has been the topic of 3 analyst reports since September 28, 2016 according to StockzIntelligence Inc. The stock has “Corporate” rating given by N+1 Singer on Wednesday, September 28. The stock of Mysale Group PLC (LON:MYSL) earned “Corporate” rating by N+1 Singer on Tuesday, November 29.
Another recent and important Mysale Group PLC (LON:MYSL) news was published by Theguardian.com which published an article titled: “Share price blunder over MySale triggers listings day selloff” on June 16, 2014.
MySale Group plc is engaged in operating online shopping outlets for consumer goods, such as women, men and children’s fashion clothing, accessories, beauty and homeware items. The company has a market cap of 151.17 million GBP. The Company’s divisions include Australia and New Zealand, South-East Asia and Rest of the world. It currently has negative earnings. It operates with flash sales Websites in Australia and New Zealand , South-East Asia (SEA) and the United Kingdom.
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