The stock of Reko International Group Inc (CVE:REK) hit a new 52-week high and has $6.16 target or 9.00% above today’s $5.65 share price. The 6 months bullish chart indicates low risk for the $36.39M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $6.16 price target is reached, the company will be worth $3.28 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. About 20,750 shares traded hands or 198.18% 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.
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 $36.39 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 4.91 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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