South African stock alert

SAFR

Afternoon Alert: EOH Holdings hits 52-week low third time in one month 25 July 2017 12:50 SAST

NEWS BITES - AFRICA

EOH Holdings Limited (J:EOH) hit a 52-week low of ZAR109.60 earlier today for the third time in the past one month, but later rebounded higher to ZAR109.70.

Current indications of bearish signals that support the trend in the unusual trading:

+ The negative 3.29 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the South African market, the stock's relative price strength percentile is slipping at 11 for 6 months, 6 for 3 months and 2 for 1 month.

+ In the last one month the stock has hit a new 52-week low thrice and in the last three months six times, pointing to a downtrend.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price to Book of 11.5 [8.3]

Other Bearish Signals include:

+ Tobin's Q Ratio is 1.2. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Note

Oversold/Bullish:

The 0.1% premium to 12-month low of ZAR109.60 against the 37.8% discount to high of ZAR176.33 suggests the decline might be bottoming.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Price/Earnings of 16.4 [45.3]

Return on Assets 7.1% [3.4%]

Return on Equity 14.2% [7.0%]

Return on Capital Employed 16.4% [11.2%]

Price/Sales of 1.3 [1.5]

EOH Holdings Limited (J:EOH; JNB:EOH; SJ:EOH)

ISIN: ZAE000071072

PermID: 4295888857

Source: www.BuySellSignals.com