Does Inventure Foods Inc (SNAK) Have Any Gas After Forming This Double Bottom Pattern?

September 12, 2017 - By Linda Rogers

Investors sentiment increased to 1.55 in Q4 2016. Its up 0.81, from 0.74 in 2016Q3. It increased, as 8 investors sold Inventure Foods Inc shares while 21 reduced holdings. 15 funds opened positions while 30 raised stakes. 16.71 million shares or 3.35% less from 17.29 million shares in 2016Q3 were reported.
Moreover, Tower Research Cap Ltd Liability Corp (Trc) has 0% invested in Inventure Foods Inc (NASDAQ:SNAK). Rhumbline Advisers reported 20,142 shares. Moreover, Legal & General Grp Inc Public Limited Liability has 0% invested in Inventure Foods Inc (NASDAQ:SNAK). Wall Street Associate accumulated 161,422 shares. New York State Common Retirement Fund, a New York-based fund reported 30,900 shares. Northern Trust accumulated 217,726 shares. Penn Cap Mngmt accumulated 432,732 shares. Blackrock, New York-based fund reported 1,385 shares. Int Gp Inc holds 10,904 shares. Grt Cap Limited Com has invested 0.05% of its portfolio in Inventure Foods Inc (NASDAQ:SNAK). Millrace Asset Gp has 47,340 shares for 0.51% of their portfolio. Blackrock Institutional Na accumulated 0% or 711,780 shares. Schwab Charles Invest Mngmt holds 0% or 29,000 shares. Ardsley Advisory Prtn holds 0.24% of its portfolio in Inventure Foods Inc (NASDAQ:SNAK) for 150,000 shares. Moreover, Df Dent Company Incorporated has 0.01% invested in Inventure Foods Inc (NASDAQ:SNAK) for 28,902 shares.

The chart of Inventure Foods Inc (SNAK) shows a double bottom with $3.31 target or 3.00 % below today’s $3.41 share price. The 8 months chart pattern indicates high risk for the $67.47M company. It was reported on Sep, 12 by Finviz.com. If the $3.31 price target is reached, the company will be worth $2.02 million less. Double bottoms are rare but powerful chart patterns.

About 1,559 shares traded. Inventure Foods Inc (NASDAQ:SNAK) has declined 34.17% since September 12, 2016 and is downtrending. It has underperformed by 50.87% the S&P500.

Inventure Foods Inc (NASDAQ:SNAK) Ratings Coverage

Among 6 analysts covering Inventure Foods (NASDAQ:SNAK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Inventure Foods had 10 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Inventure Foods Inc (NASDAQ:SNAK) earned “Neutral” rating by DA Davidson on Friday, January 13. The stock of Inventure Foods Inc (NASDAQ:SNAK) earned “Buy” rating by Wunderlich on Friday, February 26. The stock has “Neutral” rating by DA Davidson on Friday, November 6. On Wednesday, November 18 the stock rating was initiated by Wunderlich with “Buy”. As per Wednesday, August 5, the company rating was maintained by Canaccord Genuity. On Tuesday, January 19 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm earned “Buy” rating on Monday, March 21 by Roth Capital. The firm has “Buy” rating given on Monday, December 14 by DA Davidson. The firm has “Buy” rating given on Friday, November 6 by TH Capital.

More notable recent Inventure Foods Inc (NASDAQ:SNAK) news were published by: Seekingalpha.com which released: “Inventure Foods’ (SNAK) CEO Terry McDaniel on Q1 2017 Results – Earnings Call …” on May 12, 2017, also Seekingalpha.com with their article: “Inventure Foods’ (SNAK) CEO Terry McDaniel on Q4 2016 Results – Earnings Call …” published on March 30, 2017, Globenewswire.com published: “Inventure Foods to Report Fourth Quarter and Fiscal 2016 Financial Results on …” on March 09, 2017. More interesting news about Inventure Foods Inc (NASDAQ:SNAK) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” published on March 20, 2017 as well as Globenewswire.com‘s news article titled: “Inventure Foods Announces Strategic Sale of Fresh Frozen® Foods” with publication date: March 23, 2017.

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