German stock alert
Afternoon Alert: Steinhoff International Holdings tumbles 6.6% 18 January 2018 12:17 CET
NEWS BITES - EUROPE
Steinhoff International Holdings NV (ETR:SNH) traded on volume of 0.3 times average so far today while the price tumbled 3.0c (or 6.6%) to trade at 42.50c.
Current indications of bearish signals that support the trend in the unusual trading:
+ The negative 0.31 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ In the last three months the stock has hit a new 52-week low eleven times, pointing to a significant downtrend.
+ The price plummeted 25.4% in the last month.
Steinhoff International Holdings today is at a discount of 92.0% to the 12-month high of EUR5.29 on 28 Feb, 2017. It is at a premium of 71.4% to the 12-month low of 24.80c on 21 Dec, 2017.
The company is cash rich with Cash to Market Capitalisation at 54.2%.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Return on Assets 4.5% [1.0%]
Return on Equity 9.1% [7.9%]
Steinhoff International Holdings NV (DE:SNH; ETR:SNH; GR:SNH)