Saudi Arabian stock alert
CLOSING UPDATE: National Medical Care lifts 3.4% - outperforming 99% of stocks 20 June 2018 16:48 AST
NEWS BITES - MIDDLE EAST & NORTH AFRICA
This is an end of day Alert, produced after today's Saudi Arabian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
National Medical Care has lifted SAR2.0 (or 3.4%) today to trade at SAR60.50 and has outperformed 99% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the All Share Index (TASI) which fell 104.2 points (or 1.3%) in the day, this represented a relative price increase of 4.7%.
Technical indicators complementing today's significant uptrend:
+ The positive 0.16 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the last three months the stock has hit a new 52-week high five times, pointing to an uptrend.
Other Bullish Signals include:
+ Total Liabilities/EBITDA of 4.4 is less than the Joseph Piotroski benchmark of <5.
+ Tobin's Q Ratio is 1.9. Compared with the rest of the market the stock is undervalued.
+ As per the Du Pont analysis, Return on Equity of 8.7% is better than sector average of 7.9%.
National Medical Care today is at a discount of 7.5% to the 12-month high of SAR65.40 on 11 Jun, 2018. It is at a premium of 90.8% to the 12-month low of SAR31.70 on 07 Nov, 2017.
Net profit margin has averaged 10.1% in the last 3 years. This is lower than the sector average of 20.3% and suggests a low margin of safety.
Afternoon Alert: National Medical Care lifts 3.4% - outperforming 99% of stocks
20 June 2018 14:38 AST
National Medical Care Company (TASI:4005) has lifted SAR2.0 (or 3.4%) today to trade at SAR60.50 and has outperformed 99% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.
Morning Alert: National Medical Care keeps sliding: down 5.4% in 3 days
20 June 2018 11:26 AST
National Medical Care Company (TASI:4005) extended its slide on Wednesday, shedding an additional 50.0 hallalah (or 0.9%) to trade at SAR58.0. The shares have fallen SAR3.30 (or 5.4%) over the past three trading days vs. the All Share Index (TASI) which has fallen 0.4% in the same period.
National Medical Care Company (SA:4005; SAU:4005; AB:4005)