Spanish stock alert
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%.
+ 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.
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.
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:
Price to Book of 2.1 [0.9]
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)