The stock of Reko International Group Inc (CVE:REK) reached all time high today, Dec, 1 and still has $5.99 target or 6.00% above today’s $5.65 share price. This indicates more upside for the $36.39M company. This technical setup was reported by Barchart.com. If the $5.99 PT is reached, the company will be worth $2.18 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. 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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