What’s Next for Amino Technologies Plc After Reaching 52-Week High?

 What's Next for Amino Technologies Plc After Reaching 52 Week High?

The stock of Amino Technologies Plc (LON:AMO) hit a new 52-week high and has GBX 180.25 target or 3.00% above today’s GBX 175.00 share price. The 9 months bullish chart indicates low risk for the GBX 126.78 million company. The 1-year high was reported on Nov, 30 by Barchart.com. If the GBX 180.25 price target is reached, the company will be worth GBX 3.80M 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 1.45% or GBX 2.5 on November 30, hitting GBX 175. About 85,561 shares traded hands or 20.38% up from the average. Amino Technologies Plc (LON:AMO) has risen 57.53% since May 2, 2016 and is uptrending. It has outperformed by 52.31% the S&P500.

Amino Technologies Plc (LON:AMO) Ratings Coverage

Out of 5 analysts covering Amino Technologies PLC (LON:AMO), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 210 is the highest target while GBX 141 is the lowest. The GBX 181.20 average target is 3.54% above today’s (GBX 175) stock price. Amino Technologies PLC has been the topic of 38 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Corporate” rating by FinnCap given on Monday, April 18. The firm earned “Corporate” rating on Wednesday, February 3 by FinnCap. FinnCap maintained Amino Technologies Plc (LON:AMO) on Tuesday, August 2 with “Corporate” rating. FinnCap maintained it with “Corporate” rating and GBX 175 target price in Thursday, December 3 report. The stock has “Corporate” rating given by FinnCap on Monday, October 10. On Tuesday, September 22 the stock rating was maintained by FinnCap with “Corporate”. Canaccord Genuity maintained it with “Buy” rating and GBX 180 target price in Thursday, December 3 report. The rating was maintained by FinnCap with “Corporate” on Tuesday, November 3. FinnCap maintained it with “Corporate” rating and GBX 200 target price in Monday, November 21 report. Northland Capital maintained Amino Technologies Plc (LON:AMO) rating on Thursday, September 3. Northland Capital has “Buy” rating and GBX 210 price target.

Amino Technologies Plc is a United Kingdom firm engaged in developing a range of products and solutions designed to help broadband network operators deliver entertainment and associated connected home services to the consumer. The company has a market cap of 126.78 million GBP. The Firm and its subsidiaries specialize in Internet protocol television software technologies and hardware platforms that enable delivery of digital programming and interactivity over IP networks. It currently has negative earnings. The Firm operates two business units: Hybrid TV and Cloud Services.

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