Spanish stock alert
CLOSING UPDATE: Laboratorio Reig Jofre increases further 0.3% - outperforming 90% of stocks 18 June 2018 21:01 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).
Laboratorio Reig Jofre, Spain's 2nd largest food processing company by market capitalisation, has lifted 8.0c (or 2.8%) today to trade at EUR2.92 and has outperformed 90% of the market in the past three months. A price rise combined with a high relative strength is a bullish signal. Compared with the IBEX 35 Index which fell 81.6 points (or 0.8%) in the day, this represented a relative price increase of 3.6%.
Technical indicators complementing today's significant uptrend:
+ The positive 0.03 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The 4.3% discount to 12-month high of EUR3.05 against the 29.0% premium to 12-month low of EUR2.26 suggests the stock continues to push for new highs.
+ In the last three months the stock has hit a new 52-week high eleven times, pointing to a significant uptrend.
Other Bullish Signals include:
+ Interest cover is less leveraged at 11.2 times.
+ Total Liabilities/EBITDA of 3.5 is comfortably below the Joseph Piotroski benchmark of <5.
+ Tobin's Q Ratio is 1. Compared with the rest of the market the stock is undervalued.
In the last three months the stock has hit a new 52-week low twice.
The price decreased 0.8% in the last month.
Net profit margin has averaged 5.2% in the last 3 years. This is lower than the sector average of 5.4% and suggests a low margin of safety.
Afternoon Alert: Laboratorio Reig Jofre lifts 2.5% - outperforming 89% of stocks
18 June 2018 14:40 CEST
Laboratorio Reig Jofre SA (MA:RJF) has lifted 7.0c (or 2.5%) today to trade at EUR2.91 and has outperformed 89% of the market in the past three months. A price rise combined with a high relative strength is a bullish signal.
Laboratorio Reig Jofre SA (MA:RJF; MCE:RJF; MC:RJF; SM:RJF)