Italian stock alert
CLOSING UPDATE: Neurosoft hits 52-week low fifth time in one month 20 September 2018 19:16 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).
Neurosoft, Italy's 13th largest utility company by market capitalisation, hit a 52-week low of EUR1.84 today for the fifth time in the past one month and last traded at EUR1.84. Trading volume was 23% of average at the end of the day. Compared with the FTSE MIB Index which rose 107.6 points (or 0.5%) in the day, this represented a relative price change of -4.7%.
Technical indicators complementing today's significant downtrend:
+ The stock has underperformed 80% of the Italian market over the past 6 months.
Net profit margin has averaged 10% in the last 3 years. This is better than the sector average of 4.4% and suggests a high margin of safety.
Afternoon Alert: Neurosoft hits 52-week low fifth time in one month
20 September 2018 14:08 CEST
Neurosoft (MI:NRST) hit a 52-week low of EUR1.84 today for the fifth time in the past one month and last traded at EUR1.84. Trading volume was 23% of average so far today.
Neurosoft (MI:NRST; BIT:NRST; IM:NRST)