Italian stock alert

ITALY

CLOSING UPDATE: Caltagirone increases further 0.4% 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).

Caltagirone, Italy's 7th largest construction & materials company by market capitalisation, traded on volume of 0.5 times average today while the price jumped 17.0c (or 6.5%) to trade at EUR2.77. Compared with the FTSE MIB Index which fell 108.9 points (or 0.5%) in the day, this represented a relative price increase of 7.1%.

Technical indicators complementing today's significant uptrend:

+ The price climbed 4.5% in the last week and 5.3% in the last month.

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

Undervaluation:

+ Dividend yield of 2.2% [1.0%]

Note

Caltagirone today is at a discount of 19.1% to the 12-month high of EUR3.42 on 02 Nov, 2017. It is at a premium of 13.5% to the 12-month low of EUR2.44 on 26 Jul, 2018.

The stock has underperformed 51% of the Italian market over the past 6 months.

TODAY'S ALERT

Afternoon Alert: Caltagirone jumps 6.2% on firm volume

17 August 2018 14:12 CEST

Caltagirone (MI:CALT) traded on heavy volume of 1.1 times average so far today while the price jumped 16.0c (or 6.2%) to trade at EUR2.76.

Caltagirone (MI:CALT; BIT:CALT; IM:CALT)

ISIN: IT0003127930

PermID: 4295875334

Source: www.BuySellSignals.com