Australia Stock Alert


Afternoon Alert: Prime Media continues significant downtrend, drops 2.7% October 19, 2017 13:00:00 AEST


Prime Media Group Limited (ASX:PRT) continued its significant downtrend and dropped 1.0c (or 2.7%) to trade at 35.50c today.

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

+ The negative 0.02 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price plummeted 23.7% in the last month.

Other Bearish Signals include:

+ Net profit margin has averaged 1.6% in the last 3 years. This suggests the company is less profitable with a low margin of safety.


Prime Media today is at a discount of 29.0% to the 12-month high of 50.0c on 14 Sep, 2017. It is at a premium of 47.3% to the 12-month low of 24.10c on 20 Oct, 2016.

The stock has outperformed 72% of the Australian market over the past 6 months.

Bullish Signals:

In the last three months the stock has hit a new 52-week high eight times, pointing to a significant uptrend.

The present value of AUD1,000 invested one year ago is $A1,625 [vs $A1,081 for the All Ordinaries Index].

Interest cover is less leveraged at 21.3 times.

Total Liabilities/EBITDA of 2 is comfortably below the Joseph Piotroski benchmark of <5.

Prime Media Group Limited (AU:PRT; ASX:PRT; AX:PRT)

ISIN: AU000000PRT5

PermID: 4295856898