Internet Gold – Golden Lines Ltd. (IGLD) Stock Is At 52 Week Low Now

April 17, 2018 - By Stephen Andrade

Internet Gold - Golden Lines Ltd. (NASDAQ:IGLD) Logo

The stock of Internet Gold – Golden Lines Ltd. (NASDAQ:IGLD) hit a new 52-week low and has $3.51 target or 7.00 % below today’s $3.77 share price. The 7 months bearish chart indicates high risk for the $72.44 million company. The 1-year low was reported on Apr, 17 by Barchart.com. If the $3.51 price target is reached, the company will be worth $5.07 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 9.32% or $0.39 during the last trading session, reaching $3.77. About 6,684 shares traded or 95.21% up from the average. Internet Gold – Golden Lines Ltd. (NASDAQ:IGLD) has declined 45.30% since April 17, 2017 and is downtrending. It has underperformed by 56.85% the S&P500.

Internet Gold – Golden Lines Ltd. provides various telecommunications services in Israel. The company has market cap of $72.44 million. It operates through Fixed Line Domestic Communications; Cellular Communications; International Communications, Internet Services and Network End Point; and Multichannel Television divisions. It currently has negative earnings. The firm offers domestic fixed-line, cellular, and international communication services; Internet services; and multi-channel television, television and radio broadcasting, satellite broadcasting, and customer call center services.

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