After Today’s Huge Decline, Is Reko International Group Inc’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Reko International Group Inc's Near Term Analysis Negative?

The stock of Reko International Group Inc (CVE:REK) is a huge mover today! About 37,300 shares traded hands or 436.00% up from the average. Reko International Group Inc (CVE:REK) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
The move comes after 6 months negative chart setup for the $32.20 million company. It was reported on Dec, 1 by Barchart.com. We have $4.85 PT which if reached, will make CVE:REK worth $966,000 less.

More news for Reko International Group Inc (CVE:REK) were recently published by: Marketwired.com, which released: “Reko International Group Inc. Announces Appointment of New Chief Financial Officer” on November 02, 2015. Marketwired.com‘s article titled: “Reko International Group Announces Major Precision Machining Contract” and published on September 22, 2014 is yet another important article.

Reko International Group Inc. designs and makes a range of engineered services and products for original equipment manufacturers and their Tier 1 suppliers in various sectors, such as rail equipment, gas and oil distribution, mining, military, capital equipment and automotive.. The company has a market cap of $32.20 million. These products include custom machining of castings and assemblies to high precision tolerances, specialty machines and lean cell factory automation, compression molds, hydroform dies, plastic injection molds, fixtures and gauges. It has a 4.34 P/E ratio. For the transportation and gas and oil industry, it machines customer supplied metal castings to customer indicated specifications.

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