Australia Stock Alert

AUSTR

Morning Alert: Reva Medical hits 52-week low fourth time in one month July 27, 2017 11:00:00 AEST

NEWS BITES - AUSTRALIA

Reva Medical Inc. (ASX:RVA) hit a 52-week low of 80.0c today for the fourth time in the past one month and last traded at 80.0c.

SECTION 1: The past week

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

1.1 5-day Recap

Reva Medical underperformed the All Ordinaries index in 2 out of 2 days.

DayHeadlineClose price [AUD]Price change %Relative change %Comment
WednesdayReva Medical closes at 2.4% below VWP0.810-1.0
FridayReva Medical decreases 1.2%0.81-1.2-0.6Steepest Fall

SECTION 2: Technical indicators

Bearish:

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

The price decreased 1.2% in the last week and dropped 3.6% in the last month.

The present value of AUD1,000 invested one year ago is $A667 [vs $A1,039 for the All Ordinaries Index], for a capital loss of $A333. The total return to shareholders for 1 year is -33.3%.

Note

The stock has underperformed 70% of the Australian market over the past 6 months.

SECTION 3: Ranking

DescriptionValueRank In Market
MCap $US million261.8In 2nd Quartile
52-week Range80.0c-$A1.35
1-month Range (in c)80.0-86.0

SECTION 4: Recent News of Reva Medical

July 14: Reva Medical appoints Director

Reva Medical has appointed Ray Larkin as a Director. The effective date is Friday, July 14.

July 14: Reva Medical Chief Financial Officer will resign

Reva Medical Katrina Thompson, Chief Financial Officer will resign. The effective date is Monday, August 28.

July 14: REVA Announces Organizational Changes

San Diego, California and Sydney, Australia (Friday, 14 July 2017, AEST) - REVA Medical, Inc. (ASX: RVA), as part of its transition to commercial operations, today announced the hiring of a new chief financial officer, a vice president of European sales, and the appointment of a new director to it s board.

July 14: Reva Medical will appoint Chief Financial Officer

Reva Medical will appoint Brandi Roberts as Chief Financial Officer. The effective date is Monday, August 28.

July 14: REVA Announces Organizational Changes

San Diego, California and Sydney, Australia (Friday, 14 July 2017, AEST) - REVA Medical, Inc. (ASX: RVA), as part of its transition to commercial operations, today announced the hiring of a new chief financial officer, a vice president of European sales, and the appointment of a new director to it s board.

Reva Medical Inc. (AU:RVA; ASX:RVA; AX:RVA)

ISIN: AU000000RVA3

PermID: 1-21475750850

Source: www.BuySellSignals.com