EQUITIES.COM: Education Management Corp (EDMC) Hits New 52-week Low During June 23 Session
Career College Central Summary:
Education Management Corp (EDMC) established a new 52-week low yesterday, and could be a company to watch at the open. After opening at $0.15, Education Management Corp dropped to $0.13 for a new 52-week low. By the closing bell, the company's stock was at $0.13 a share for a loss of 10.71%.
Falling to a new 52-week low is never fun for company's shareholder, but, depending on who you ask, it can be either a buy or a sell signal. Someone bearish on the stock might see it reaching its lowest price in a year as a sign of growing downward momentum and make sure they sell their shares. Bulls, though, are more likely to see a new 52-week low as the stock hitting its low point and anticipate a bounce in the share price.
However one plays it, it's often a critical moment for any stock and should be noted by investors.
Education Management Corp saw 32,694 shares of its stock trade hands, that's out of 126.06 million shares outstand. The stock has an average daily volume of 25,512 shares. After hitting a new 52-week low, Education Management Corp enters the new trading day with a market cap of 15.76 million, a 50-day SMA of $0.21 and a 200-day SMA of $0.42
For a full analysis of Education Management Corp, check out Equities.com's E.V.A. report.
Education Management Corp has n/a employees, is led by CEO , and makes its home in , .
Education Management Corp is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market. Using a rules-based methodology, it creates a simple, unbiased view of how America's stable of smaller publicly traded companies are performing in the stock markets.
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