German stock alert

GFR

Morning Alert: GK Software in 3rd consecutive fall, nears one-month low 18 October 2017 10:36 CEST

NEWS BITES - EUROPE

GK Software AG (ETR:GKS) slipped further on Wednesday, sliding an additional EUR4.30 (or 3.4%) to trade at EUR120.70. The stock decreased 0.79% on Monday and 0.79% on Tuesday bringing its 3-day fall to 5.0%. It is now approaching its 27-day low of EUR118.95.

SECTION 1: The past week

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

1.1 At a glance

Weekly: GK Software in its biggest weekly loss in 2 months October 17, 2017 20:00 CEST

GK Software AG (ETR:GKS), Germany's 5th largest Software company by market cap, has decreased EUR4.45 (or 3.4%) in the past week to close at EUR125.0. In the past week the shares have decreased 3.4%, the biggest weekly fall since August 15, 2017. Compared with the DAX Index which rose 45.8 points (or 0.3%) in the week, this represented a relative price change of -3.8%. The volume was 0.4 times average trading per week of 18,955 shares. In the past week the market cap has declined EUR8.4 million.

1.2 5-day Recap

GK Software underperformed the DAX index in 4 out of 5 days.

DayHeadlineClose price [EUR]Price change %Relative change %Comment
TuesdayGK Software in its biggest weekly loss in 2 months125.0-0.8-0.7
MondayGK Software decreases126.0-0.8-0.9
ThursdayGK Software underperforms 89% of the market125.85-2.0-2.1Steepest Fall
WednesdayGK Software decreases128.45-0.8-1.0

Note

DayHeadlineClose price [EUR]Price change %Relative change %Comment
FridayTwo-bagger GK Software increases127.00.90.8Top Rise

SECTION 2: Ranking

DescriptionValueRank In Market
Price/MAP2001.28In Top 6%
MCap $US million267.9In Bottom Quartile
52-week Range (in EUR)50.5-132.5
1-month Range (in EUR)119.0-132.5
RSI19.5Bullish
Williams %R-87.1Bullish
Bollinger Bands-0.2Bullish

SECTION 3: Recent News of GK Software

September 25: GK SOFTWARE PLANS TO ACQUIRE A MAJORITY STAKE IN PRUDSYS AG

GK Software AG plans to acquire the majority stake in Chemnitz-based prudsys AG, a company specialized in artificial intelligence. In the financial year 2016, the company achieved sales of 3.6 million euros with an EBIT of between a quarter and half a million euros.

The Supervisory Board of GK Software AG today approved the planned transaction subject to the successful conclusion of the due diligence.

GK Software AG (DE:GKS; ETR:GKS; GR:GKS)

ISIN: DE0007571424

PermID: 4298025334

Source: www.BuySellSignals.com