Israeli stock alert

ISRAEL

Afternoon Alert: Nissan Medical Industries continues significant downtrend, decreases 1.5% 20 September 2018 14:11 IDT

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Nissan Medical Industries Ltd. (TASE:NISA) continued its significant downtrend and decreased 39.0 agorot (or 1.5%) to trade at NIS25.80 today.

Current indications of bearish signals that support the trend in the unusual trading:

+ The negative 0.55 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the Israel market, the stock's relative price strength percentile is falling at 37 for 6 months, 11 for 3 months and 4 for 1 month.

+ The price tumbled 9.6% in the last week and 9.2% in the last month.

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

Overvaluation:

+ Price/Sales of 1.7 [1.1]

Other Bearish Signals include:

+ EBITDA growth has been negative in recent years.

Note

Nissan Medical Industries today is at a discount of 23.1% to the 12-month high of NIS33.54 on 10 Jan, 2018. It is at a premium of 20.8% to the 12-month low of NIS21.36 on 06 Nov, 2017.

Bullish Signals:

Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued.

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

Undervaluation:

Price to Book of 1.1 [1.9]

Nissan Medical Industries Ltd. (TV:NISA; TLV:NISA; TA:NISA; TA:NISA; IT:NISA)

ISIN: IL0006600196

PermID: 4295970930

Source: www.BuySellSignals.com