Brazilian stock alert

BRAZ

CLOSING UPDATE: Mills Estruturas e Servicos de Engenharia down 12.1% in 2 days 18 May 2018 17:35 BRT

NEWS BITES - BRIC

This is an end of day Alert, produced after today's Brazilian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Mills Estruturas e Servicos de Engenharia, Brazil's 9th largest commercial services company by market capitalisation, extended its slide on Friday, shedding an additional 21.0 centavos (or 6.4%) to trade at R$3.05. Trading volume was 1.3 times average at the end of the day. The shares have fallen 42.0 centavos (or 12.1%) over the past two trading days vs. the Brazil Index 50 which has fallen 4.1% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 0.05 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The stock has underperformed 83% of the Brazilian market over the past 6 months.

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

+ The price plummeted 12.6% in the last week and 15.7% in the last month.

Note

Bullish Signals:

The company is cash rich with Cash to Market Capitalisation at 11.8%.

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

Oversold/Bullish:

The 1.3% premium to 12-month low of R$3.01 against the 42.7% discount to high of R$5.32 suggests the decline might be bottoming.

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

Undervaluation:

Price/Sales of 1.8 [2.5]

TODAY'S ALERTS

Afternoon Alert: Mills Estruturas e Servicos de Engenharia down 11.8% in 2 days

18 May 2018 13:08 BRT

Mills Estruturas e Servicos de Engenharia SA (SA:MILS3) extended its slide on Friday, shedding an additional 20.0 centavos (or 6.1%) to trade at R$3.06. Trading volume was 5.4 times average so far today. The shares have fallen 41.0 centavos (or 11.8%) over the past two trading days vs. the Brazil Index 50 which has fallen 4.8% in the same period.

Morning Alert: Mills Estruturas e Servicos de Engenharia continues significant downtrend, drops 3.4%

18 May 2018 11:10 BRT

Mills Estruturas e Servicos de Engenharia SA (SA:MILS3) continued its significant downtrend and dropped 11.0 centavos (or 3.4%) to trade at R$3.15 today.

Mills Estruturas e Servicos de Engenharia SA (SA:MILS3; SAO:MILS3; BZ:MILS3)

ISIN: BRMILSACNOR2

PermID: 5000462783

Source: www.BuySellSignals.com