Israeli stock alert

ISRAEL

Afternoon Alert: Prashkovsky Investments And Construction hits 52-week high fourth time in one month 18 October 2017 14:10 IDT

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Prashkovsky Investments And Construction Ltd. (TASE:PRSK) hit a 52-week high of NIS28.75 today for the fourth time in the past one month and last traded at NIS28.19. Trading volume was 84% of average so far today.

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

+ The positive 0.89 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Israel market, the stock's relative price strength percentile is improving at 70 for 6 months, 85 for 3 months and 88 for 1 month.

+ In the last one month the stock has hit a new 52-week high four times and in the last three months seven times, pointing to a significant uptrend.

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

Undervaluation:

+ Return on Equity 7.5% [0.9%]

+ Return on Assets 0.8% [0.2%]

+ Return on Capital Employed 5.4% [1.2%]

+ Dividend yield of 9% [2.7%]

+ Price/Sales of 3.4 [4.9]

Note

Bearish Signals:

Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Overbought/Bearish:

The 1.9% discount to 12-month high of NIS28.75 against the 89.5% premium to 12-month low of NIS14.88 suggests the climb might be peaking.

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

Overvaluation:

Price to Book of 2.1 [1.2]

Prashkovsky Investments And Construction Ltd. (TV:PRSK; TLV:PRSK; TA:PRSK; TA:PRSK; IT:PRSK)

ISIN: IL0011021289

PermID: 4297801570

Source: www.BuySellSignals.com