Highwood Asset Management (CVE:HAM) Reaches New 1-Year Low - What's Next?

Key Points

• Highwood Asset Management reached a new 52-week low, trading as low as C$5.24 and last at C$5.10, reflecting a significant drop.
• ATB Capital reduced their price target for Highwood shares from C$8.00 to C$7.25, indicating a more pessimistic outlook.
• The company's market cap stands at C$75.68 million with a low price-to-earnings ratio of 0.94, suggesting potential undervaluation.

Highwood Asset Management Ltd. (CVE:HAM - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as C$5.24 and last traded at C$5.10, with a volume of 4329 shares. The stock had previously closed at C$5.25.

Wall Street Analysts Forecast Growth

Separately, ATB Capital reduced their price target on Highwood Asset Management from C$8.00 to C$7.25 in a research report on Friday, July 4th.

Highwood Asset Management Stock Performance

The company has a market cap of C$77.17 million, a price-to-earnings ratio of 0.96 and a beta of -0.90. The firm has a fifty day moving average price of C$5.46 and a 200 day moving average price of C$5.59.

Highwood Asset Management Company Profile

Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments.