The stock of Puhui Wealth Investment Management Co., Ltd. (NASDAQ:PHCF) reached all time low today, Feb, 11 and still has $4.33 target or 7.00 % below today’s $4.66 share price. This indicates more downside for the $53.61 million company. This technical setup was reported by Barchart.com. If the $4.33 PT is reached, the company will be worth $3.75 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.
The stock decreased 10.75% or $0.5611 during the last trading session, reaching $4.6589. About 9,092 shares traded or 4.78% up from the average. Puhui Wealth Investment Management Co., Ltd. (NASDAQ:PHCF) has 0.00% since February 11, 2018 and is . It has by 0.00% the S&P500.
More recent Puhui Wealth Investment Management Co., Ltd. (NASDAQ:PHCF) news were published by: Prnewswire.com which released: “Puhui Wealth Investment Management Co. Signs Strategic Cooperation Agreement with YINGKE PE – PRNewswire” on January 25, 2019. Also Prnewswire.com published the news titled: “Puhui Wealth Investment Management Co. Launches Suzhou Office – PRNewswire” on January 16, 2019. Prnewswire.com‘s news article titled: “Puhui Wealth Investment Management Co. Announces Closing of Initial Public Offering; Will Begin Trading on Nasdaq (Ticker: PHCF) on Thursday, December 27, 2018 – PRNewswire” with publication date: December 27, 2018 was also an interesting one.
Puhui Wealth Investment Management Co., Ltd., through its subsidiaries, provides third-party wealth management services in the People’s Republic of China. The company has market cap of $53.61 million. It manages funds for individuals and corporate clients. It has a 97.06 P/E ratio. Puhui Wealth Investment Management Co., Ltd. has a strategic cooperation agreement with YINGKE Innovation Asset Management Co., Ltd. to jointly establish an equity investment fund.