Israeli stock alert
Afternoon Alert: Perrigo Company increases 1.4%, leads market higher 25 July 2017 14:10 IDT
NEWS BITES - MIDDLE EAST & NORTH AFRICA
Perrigo Company PLC (TASE:PRGO) has increased 1.4% to trade at NIS274.0 vs. the TA-25 Index which strengthened 1.9 points (or 0.1%) to 1,452.3. Representing a weighting of about 7.6% of the index, the stock accounted for 84.3% of today's gain. The shares have outperformed 95% of the market in the past week. Trading volume was 1.1 times average so far today.
Current indications of bullish signals that support the trend in the unusual trading:
+ The positive 2.3 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The price climbed 6.0% in the last week and lifted 3.4% in the last month.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Return on Assets 0.5% [0.1%]
+ Return on Equity 1.2% [0.4%]
+ Return on Capital Employed 0.8% [0.5%]
+ Price to Book of 1.8 [1.9]
Other Bullish Signals include:
+ Tobin's Q Ratio is 0.8. Compared with the rest of the market the stock is undervalued.
Perrigo Company today is at a discount of 25.7% to the 12-month high of NIS368.70 on 29 Sep, 2016. It is at a premium of 15.3% to the 12-month low of NIS237.70 on 03 Apr, 2017.
Perrigo Company PLC (TV:PRGO; TLV:PRGO; TA:PRGO; TA:PRGO; IT:PRGO)