Spanish stock alert

SPAIN

CLOSING UPDATE: Sniace drops gains by 2.5% on strong volume 20 April 2018 21:00 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).

Sniace, Spain's 3rd largest consumer products company by market capitalisation, traded on heavy volume of 2.8 times average today while the price jumped 0.84c (or 6.1%) to trade at 14.62c. Compared with the IBEX 35 Index which rose 16.2 points (or 0.2%) in the day, this represented a relative price increase of 5.9%.

Bullish Signals:

+ Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

Note

Sniace today is at a discount of 38.0% to the 12-month high of 23.60c on 05 Dec, 2017. It is at a premium of 9.9% to the 12-month low of 13.30c on 04 Apr, 2018.

Bearish Signals:

The stock has underperformed 95% of the Spanish market over the past 6 months.

In the last three months the stock has hit a new 52-week low six times, pointing to a downtrend.

The price sank 4.4% in the last month.

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

Overvaluation:

Price to Book of 2.1 [0.9]

TODAY'S ALERTS

Afternoon Alert: Sniace jumps 8.9% on extraordinary volume

20 April 2018 14:41 CEST

Sniace, S.A. (MA:SNC) traded on heavy volume of 4.8 times average so far today while the price jumped 1.22c (or 8.9%) to trade at 15.0c.

Morning Alert: Sniace jumps 9.6% on extraordinary volume

20 April 2018 11:38 CEST

Sniace, S.A. (MA:SNC) traded on heavy volume of 4.0 times average so far today while the price jumped 1.32c (or 9.6%) to trade at 15.10c.

Sniace, S.A. (MA:SNC; MCE:SNC; MC:SNC; SM:SNC)

ISIN: ES0165380017

PermID: 4295889605

Source: www.BuySellSignals.com