Israeli stock alert

ISRAEL

Afternoon Alert: Lapidoth Israel Oil Prospectors jumps 8.3%, leads Services sector higher 19 August 2018 14:10 IDT

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Lapidoth Israel Oil Prospectors Corporation Ltd. (TASE:LAPD) has jumped 8.3% to trade at NIS13.67 vs. the Services sector which strengthened 5.5 points (or 0.8%) to 683.1. Representing a weighting of about 11.2% of the sector, the stock accounted for the gain. The shares have outperformed 91% of the market in the past week. Trading volume was 14% of average so far today.

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

Undervaluation:

+ Return on Assets 2.4% [0.3%]

+ Return on Equity 5.0% [0.8%]

+ Return on Capital Employed 3.5% [1.9%]

Bullish Signals:

+ Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.

+ Net Profit margin, EBIT margin and EBITDA margin are positive and have seen consecutive rises in recent years.

Note

Lapidoth Israel Oil Prospectors today is at a discount of 35.5% to the 12-month high of NIS21.20 on 26 Sep, 2017. It is at a premium of 8.5% to the 12-month low of NIS12.60 on 16 Aug, 2018.

Bearish Signals:

The negative 0.41 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

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

The price tumbled 6.0% in the last month.

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

Overvaluation:

Dividend yield of 1.8% [4.2%]

Price/Sales of 1.7 [0.8]

Lapidoth Israel Oil Prospectors Corporation Ltd. (TV:LAPD; TLV:LAPD; TA:LAPD; TA:LAPD; IT:LAPD)

ISIN: IL0006420173

PermID: 4295917349

Source: www.BuySellSignals.com