Brazilian stock alert
CLOSING UPDATE: Biomm sank 6.0% 21 July 2017 17:33 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).
Biomm, Brazil's 4th largest health care company by market capitalisation, traded on volume of 0.7 times average today while the price sank 59.0 centavos (or 6.0%) to trade at R$9.30. Compared with the Brazil Index 50 which fell 45.2 points (or 0.4%) in the day, this represented a relative price change of -5.5%.
Technical indicators complementing today's significant downtrend:
+ The price dropped 3.2% in the last week.
The positive 0.08 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
The stock has outperformed 81% of the Brazilian market over the past 6 months.
The company is cash rich with Cash to Market Capitalisation at 12.3%.
Tobin's Q Ratio is 1.4. Compared with the rest of the market the stock is undervalued.
Afternoon Alert: Biomm sinks 6.0% on strong volume
21 July 2017 13:08 BRT
Biomm SA (SA:BIOM3) traded on heavy volume of 2.6 times average so far today while the price sank 59.0 centavos (or 6.0%) to trade at R$9.30.
Biomm SA (SA:BIOM3; SAO:BIOM3; BZ:BIOM3)