After Reaching 52-Week High, Is Symbility Solutions Inc’s Near-Term Analysis Positive?

The stock of Symbility Solutions Inc (CVE:SY) hit a new 52-week high and has $0.93 target or 159.00% above today’s $0.36 share price. The 6 months bullish chart indicates low risk for the $83.70 million company. The 1-year high was reported on Apr, 12 by If the $0.93 price target is reached, the company will be worth $133.08M more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock is up 9.09% or $0.03 after the news, hitting $0.36 per share. About 445,540 shares traded hands or 678.07% up from the average. Symbility Solutions Inc (CVE:SY) has risen 6.00% since March 13, 2016 and is uptrending. It has outperformed by 1.34% the S&P500.

Symbility Solutions Inc. is a Canada well-known provider of cloud and smartphone and tablet-enabled claims technology for the property and casualty and health insurance industries. The company has a market cap of $83.70 million. The Firm has two operating divisions: Symbility Property and Symbility Health. It currently has negative earnings. Symbility Property is a property and casualty software that provides claims processing and estimating software for property and casualty insurers.

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