Canadian stock alert
CLOSING UPDATE: DataWind down 22.7% in 2 days 18 October 2017 18:16 EDT
NEWS BITES - NORTH AMERICA
This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
DataWind, Canada's 15th largest computer hardware company by market capitalisation, extended its slide on Wednesday, shedding an additional 4.0c (or 19.0%) to trade at 17.0c. Trading volume was 79% of average at the end of the day. The shares have fallen 5.0c (or 22.7%) over the past two trading days vs. the S&P/TSX 60 Index which has fallen 0.04% in the same period.
Technical indicators complementing today's significant downtrend:
+ The stock has underperformed 96% of the Canadian market over the past 6 months.
+ In the last three months the stock has hit a new 52-week low five times, pointing to a downtrend.
+ The price plummeted 15.0% in the last week and 17.1% in the last month.
DataWind today is at a discount of 81.3% to the 12-month high of 91.0c on 28 Nov, 2016. It is at a premium of 54.5% to the 12-month low of 11.0c on 09 Aug, 2017.
Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 6% of stock by value of Q Ratio.
Afternoon Alert: DataWind down 18.2% in 2 days
18 October 2017 14:44 EDT
DataWind Inc. (TSX:DW) extended its slide on Wednesday, shedding an additional 3.0c (or 14.3%) to trade at 18.0c. Trading volume was 2.1 times average so far today. The shares have fallen 4.0c (or 18.2%) over the past two trading days vs. the S&P/TSX 60 Index which has risen 0.1% in the same period.
CLOSING UPDATE: DataWind soars 10.0%
16 October 2017 18:27 EDT
DataWind, Canada's 15th largest computer hardware company by market capitalisation, traded on volume of 0.1 times average today while the price soared 2.0c (or 10.0%) to trade at 22.0c. Compared with the S&P/TSX 60 Index which fell 0.1 points (or 0.01%) in the day, this represented a relative price increase of 10.0%.
Afternoon Alert: DataWind soars 10.0%
16 October 2017 14:52 EDT
DataWind Inc. (TSX:DW) traded on volume of 0.7 times average so far today while the price soared 2.0c (or 10.0%) to trade at 22.0c.
DataWind Inc. (T:DW; TSE:DW; N:DW; CN:DW)
CIK: DataWind Inc.