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) hit 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 changing hands. The stock had previously closed at C$5.25.

Wall Street Analyst Weigh In

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

Highwood Asset Management Stock Performance

The company's 50 day moving average price is C$5.50 and its 200 day moving average price is C$5.62. The company has a market cap of C$75.68 million, a price-to-earnings ratio of 0.94 and a beta of -0.90.

About Highwood Asset Management

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.