German stock alert
Afternoon Alert: Sygnis accelerates slide, now down 3.5% in 2 days 20 June 2018 13:15 CEST
NEWS BITES - EUROPE
Sygnis AG (ETR:LIO1) is down 5.0c (or 3.5%) over the past two trading days. After falling 1.3% on Tuesday, the stock fell 2.2% on Wednesday to trade at EUR1.38 vs. the DAX Index that is down 0.7% in the same period.
Current indications of bearish signals that support the trend in the unusual trading:
+ The 3.0% premium to 12-month low of EUR1.34 against the 25.4% discount to high of EUR1.85 suggests the stock continues to push for new lows.
+ The price dropped 2.1% in the last week and 3.9% in the last month.
Other Bearish Signals include:
+ Tobin's Q Ratio is 5. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.
The stock has underperformed 68% of the Xetra market over the past 6 months.
Sygnis AG (DE:LIO1; ETR:LIO1; GR:LIO1)