French stock alert

FRA

CLOSING UPDATE: Nexans down 17.0% in 2 days 18 June 2018 18:12 CEST

NEWS BITES - EUROPE

This is an end of day Alert, produced after today's French market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Nexans, France's 6th largest electronical & electrical equipment company by market capitalisation, extended its slide on Monday, shedding an additional EUR5.84 (or 16.0%) to trade at EUR30.60. Trading volume was 9.1 times average at the end of the day. The shares have fallen EUR6.27 (or 17.0%) over the past two trading days vs. the CAC 40 Index which has fallen 1.4% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 1.47 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The 3.6% premium to 12-month low of EUR29.54 against the 47.2% discount to high of EUR57.95 suggests the stock continues to push for new lows.

+ The stock has underperformed 96% of the French market over the past 6 months.

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

+ The price plummeted 16.6% in the last week and 21.1% in the last month.

+ The present value of EUR1,000 invested one year ago is EUR633 [vs EUR1,036 for the CAC 40 Index].

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

Overvaluation:

+ Return on Equity 8.4% [10.3%]

+ Return on Assets 2.5% [4.7%]

Other Bearish Signals include:

+ As per the Du Pont analysis, Return on Equity of 8.4% is lower than sector average of 10.3%.

Note

Bullish Signals:

Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued and ranks in the top 9% of stock by value of Q Ratio.

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

Undervaluation:

Price/Earnings of 15.3 [21.6]

Price/Sales of 0.2 [1.4]

Dividend yield of 2.3% [1.0%]

TODAY'S ALERTS

Afternoon Alert: Nexans down 17.1% in 2 days

18 June 2018 14:04 CEST

Nexans SA (FR:NEX) extended its slide on Monday, shedding an additional EUR5.89 (or 16.2%) to trade at EUR30.55. Trading volume was 4.7 times average so far today. The shares have fallen EUR6.32 (or 17.1%) over the past two trading days vs. the CAC 40 Index which has fallen 1.7% in the same period.

Afternoon Alert: Nexans down 18.1% in 2 days

18 June 2018 12:06 CEST

Nexans SA (FR:NEX) extended its slide on Monday, shedding an additional EUR6.26 (or 17.2%) to trade at EUR30.18. Trading volume was 4.8 times average so far today. The shares have fallen EUR6.69 (or 18.1%) over the past two trading days vs. the CAC 40 Index which has fallen 1.4% in the same period.

RECENT ALERTS

CLOSING UPDATE: Nexans hits 52-week low fifth time in one month

14 June 2018 18:07 CEST

Nexans, France's 6th largest electronical & electrical equipment company by market capitalisation, hit a 52-week low of EUR36.25 earlier today for the fifth time in the past one month, but later rebounded higher to EUR36.87. Trading volume was 1.4 times average at the end of the day. Compared with the CAC 40 Index which rose 75.7 points (or 1.4%) in the day, this represented a relative price change of -0.8%.

Afternoon Alert: Nexans hits 52-week low fifth time in one month

14 June 2018 14:13 CEST

Nexans SA (FR:NEX) hit a 52-week low of EUR36.25 earlier today for the fifth time in the past one month, but later rebounded higher to EUR36.97. Trading volume was 1.3 times average so far today.

Nexans SA (FR:NEX; EPA:NEX; PA:NEX; FP:NEX)

ISIN: FR0000044448

PermID: 4295867263

Source: www.BuySellSignals.com