Italian stock alert

ITALY

CLOSING UPDATE: Fincantieri tumbled 8.7% on spectacular volume 26 July 2017 19:17 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).

Fincantieri, Italy's 8th largest industrial goods & services company by market capitalisation, traded on heavy volume of 7.7 times average today while the price tumbled 9.10c (or 8.7%) to trade at 95.90c. Compared with the FTSE MIB Index which rose 120.1 points (or 0.6%) in the day, this represented a relative price change of -9.2%.

Technical indicators complementing today's significant downtrend:

+ The price sank 5.0% in the last week.

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

Overvaluation:

+ Return on Capital Employed 6.4% [16.6%]

Note

Fincantieri today is at a discount of 12.8% to the 12-month high of EUR1.10 on 18 Jul, 2017. It is at a premium of 159.1% to the 12-month low of 37.01c on 04 Aug, 2016.

Bullish Signals:

The positive 0.03 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The stock has outperformed 92% of the Italian market over the past 6 months.

In the last three months the stock has hit a new 52-week high twelve times, pointing to a significant uptrend.

The present value of EUR1,000 invested one year ago is EUR2,563 [vs EUR1,292 for the FTSE MIB Index].

Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued.

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

Undervaluation:

Price/Sales of 0.4 [0.6]

Price to Book of 3.3 [8.7]

TODAY'S ALERT

Afternoon Alert: Fincantieri tumbles 7.8%, leads Industrial goods & services sector lower

26 July 2017 14:06 CEST

Fincantieri (MI:FCT) has tumbled 7.8% to trade at 96.80c vs. the Industrial goods & services sector which weakened 49.4 points (or 0.1%) to 49,934.6. Representing a weighting of about 2.3% of the sector, the stock accounted for the loss. The shares have underperformed 94% of the market in the past week. Trading volume was 3.9 times average so far today.

Fincantieri (MI:FCT; BIT:FCT; IM:FCT)

ISIN: IT0001415246

PermID: 4295875577

Source: www.BuySellSignals.com