Italian stock alert

ITALY

CLOSING UPDATE: Itway hits 52-week low seventh time in one month 17 August 2018 19:18 CEST

NEWS BITES - EUROPE

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

Itway, Italy's 17th largest technology company by market capitalisation, hit a 52-week low of 83.40c earlier today for the seventh time in the past one month, but later rebounded higher to 84.40c. Trading volume was 2.0 times average at the end of the day. Compared with the FTSE MIB Index which fell 108.9 points (or 0.5%) in the day, this represented a relative price change of -5.1%.

Technical indicators complementing today's significant downtrend:

+ In the Italian market, the stock's relative price strength percentile is slipping at 8 for 6 months, 5 for 3 months and 3 for 1 month.

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

+ The price plummeted 11.2% in the last week and 18.8% in the last month.

+ The present value of EUR1,000 invested one year ago is EUR548 [vs EUR937 for the FTSE MIB Index].

Note

Bullish Signals:

The company is cash rich with Cash to Market Capitalisation at 22.8%.

Oversold/Bullish:

The 1.2% premium to 12-month low of 83.40c against the 54.6% discount to high of EUR1.86 suggests the decline might be bottoming.

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

Undervaluation:

Return on Capital Employed 7.4% [5.5%]

TODAY'S ALERTS

Afternoon Alert: Itway keeps sliding: down 13.1% in 5 days

17 August 2018 14:12 CEST

Itway (MI:ITW) extended its slide on Friday, shedding an additional 6.0c (or 6.7%) to trade at 83.40c. Trading volume was 8.0 times average so far today. The shares have fallen 12.60c (or 13.1%) over the past five trading days vs. the FTSE MIB Index which has fallen 6.2% in the same period.

Afternoon Alert: Itway hits 52-week low seventh time in one month

17 August 2018 12:08 CEST

Itway (MI:ITW) hit a 52-week low of 85.40c earlier today for the seventh time in the past one month, but later rebounded higher to 87.0c. Trading volume was 4.7 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Itway recovers 1.6% - underperforming 96% of stocks

14 August 2018 19:16 CEST

Itway, Italy's 16th largest technology company by market capitalisation, has dropped 3.0c (or 3.2%) today to trade at 91.60c and has underperformed 96% of the market in the past week. Compared with the FTSE MIB Index which fell 62.9 points (or 0.3%) in the day, this represented a relative price change of -2.9%.

Afternoon Alert: Itway sinks 4.7% - underperforming 99% of stocks

14 August 2018 15:08 CEST

Itway (MI:ITW) has sunk 4.40c (or 4.7%) today to trade at 90.20c and has underperformed 99% of the market in the past week.

Itway (MI:ITW; BIT:ITW; IM:ITW)

ISIN: IT0003057624

PermID: 4295875661

Source: www.BuySellSignals.com