French stock alert

FRA

Afternoon Alert: Tarkett hits 52-week low second time in one month 16 January 2018 13:07 CET

NEWS BITES - EUROPE

Tarkett SA (FR:TKTT) hit a 52-week low of EUR31.24 earlier today for the second time in the past one month, but later rebounded higher to EUR31.66. Trading volume was 1.2 times average so far today.

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

+ The negative 0.45 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the French market, the stock's relative price strength percentile is slipping at 9 for 6 months, 7 for 3 months and 2 for 1 month.

+ The price tumbled 8.3% in the last month.

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

Overvaluation:

+ Price/Earnings/Growth of 2.77 [0.6]

+ Dividend yield of 1.9% [2.5%]

Other Bearish Signals include:

+ Net profit margin has averaged 3.3% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

Note

Bullish Signals:

Tobin's Q Ratio is 0.9. Compared with the rest of the market the stock is undervalued.

Oversold/Bullish:

The 1.3% premium to 12-month low of EUR31.24 against the 28.6% discount to high of EUR44.34 suggests the decline might be bottoming.

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

Undervaluation:

Return on Assets 5.5% [3.1%]

Return on Capital Employed 10.4% [6.8%]

Return on Equity 12.7% [11.2%]

Price/Earnings of 17.0 [19.2]

Tarkett SA (FR:TKTT; EPA:TKTT; PA:TKTT; FP:TKTT)

ISIN: FR0004188670

PermID: 4296995208

Source: www.BuySellSignals.com