Spanish stock alert

SPAIN

CLOSING UPDATE: Sniace increases further 1.1% - outperforming 96% of stocks 20 October 2017 19:21 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 6th largest electric utility company by market capitalisation, has lifted 0.40c (or 2.2%) today to trade at 18.30c and has outperformed 96% 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 rose 25.2 points (or 0.2%) in the day, this represented a relative price increase of 2.0%.

Bullish Signals:

+ Tobin's Q Ratio is 0.4. Compared with the rest of the market the stock is undervalued.

Note

Sniace today is at a discount of 26.5% to the 12-month high of 24.90c on 24 Mar, 2017. It is at a premium of 32.7% to the 12-month low of 13.79c on 09 Nov, 2016.

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

Overvaluation:

Price/Sales of 4.3 [1.0]

Price to Book of 2.7 [2.2]

TODAY'S ALERT

Afternoon Alert: Sniace increases 1.1% - outperforming 95% of stocks

20 October 2017 14:42 CEST

Sniace (MA:SNC) has increased 0.20c (or 1.1%) today to trade at 18.10c and has outperformed 95% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

RECENT ALERTS

Afternoon Alert: Sniace in 2nd consecutive rise, nears one-month high

18 October 2017 14:41 CEST

Sniace (MA:SNC) extended its gains Wednesday, rising an additional 0.60c (or 3.3%) to trade at 18.60c. The stock jumped 9.09% on Tuesday bringing its 2-day rise to 12.7%. It is now approaching its 25-day high of 19.40c.

Morning Alert: Sniace in 2nd consecutive rise, nears one-month high

18 October 2017 11:38 CEST

Sniace (MA:SNC) extended its gains Wednesday, rising an additional 0.70c (or 3.9%) to trade at 18.70c. The stock jumped 9.09% on Tuesday bringing its 2-day rise to 13.3%. It is now approaching its 25-day high of 19.40c.

Sniace (MA:SNC; MCE:SNC; MC:SNC; SM:SNC)

ISIN: ES0165380017

PermID: 4295889605

Source: www.BuySellSignals.com