Spanish stock alert
CLOSING UPDATE: Audax Renovables decreases 0.5% 17 August 2018 22:01 CEST
NEWS BITES - EUROPE
This is an end of day Alert, produced after today's Spanish market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Audax Renovables, Spain's 6th largest energy company by market capitalisation, traded on volume of 0.1 times average today while the price decreased 1.0c (or 0.5%) to trade at EUR1.86. Compared with the IBEX 35 Index which fell 10.1 points (or 0.1%) in the day, this represented a relative price change of -0.4%.
Technical indicators complementing today's significant downtrend:
+ The negative 0.01 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The price decreased 0.5% in the last week and 1.1% in the last month.
Audax Renovables today is at a discount of 44.1% to the 12-month high of EUR3.33 on 27 Mar, 2018. It is at a premium of 370.9% to the 12-month low of 39.50c on 05 Oct, 2017.
The stock has outperformed 98% of the Spanish market over the past 6 months.
The present value of EUR1,000 invested one year ago is EUR3,382 [vs EUR902 for the IBEX 35 Index].
Tobin's Q Ratio is 1. Compared with the rest of the market the stock is undervalued.
Afternoon Alert: Audax Renovables decreases 1.6% - underperforming 95% of stocks
17 August 2018 14:40 CEST
Audax Renovables S.A. (MA:ADX) has decreased 3.0c (or 1.6%) today to trade at EUR1.84 and has underperformed 95% of the market in the past three months.
End of Day Alert: Audax Renovables increases 1.3% - outperforming 97% of stocks
13 August 2018 22:00 CEST
Audax Renovables, Spain's 6th largest energy company by market capitalisation, has increased 2.50c (or 1.3%) today to trade at EUR1.90 and has outperformed 97% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the IBEX 35 Index which fell 71.7 points (or 0.8%) in the day, this represented a relative price increase of 2.1%.
Audax Renovables S.A. (MA:ADX; MCE:ADX; MC:ADX; SM:ADX)