German stock alert
Afternoon Alert: SAP increases 1.2%, leads market higher 20 June 2018 13:15 CEST
NEWS BITES - EUROPE
SAP SE (ETR:SAP) has increased 1.2% to trade at EUR102.98 vs. the DAX Index which strengthened 63.1 points (or 0.5%) to 12,741.0. Representing a weighting of about 11.0% of the index, the stock accounted for 26.7% of today's gain. The shares have outperformed 92% of the market in the past month.
Current indications of bullish signals that support the trend in the unusual trading:
+ The positive 2.41 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The 2.2% discount to 12-month high of EUR105.28 against the 27.4% premium to 12-month low of EUR80.87 suggests the stock continues to push for new highs.
+ In the last three months the stock has hit a new 52-week high nine times, pointing to a significant uptrend.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Dividend yield of 1.4% [0.4%]
+ Price/Earnings/Growth of 4.48 [8.3]
+ Year-on-Year Earnings Growth of 10.5% [5.7%]
+ Return on Assets 9.5% [6.1%]
+ Price/Earnings of 30.6 [47.5]
+ Return on Equity 16.0% [10.9%]
Tobin's Q Ratio is 3. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.
SAP SE (DE:SAP; ETR:SAP; GR:SAP)