The stock of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) hit a new 52-week low and has $13.05 target or 6.00 % below today’s $13.88 share price. The 6 months bearish chart indicates high risk for the $259.89 million company. The 1-year low was reported on Aug, 20 by Barchart.com. If the $13.05 price target is reached, the company will be worth $15.59 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.
The stock decreased 0.36% or $0.05 during the last trading session, reaching $13.88. About 165,117 shares traded. MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) has declined 32.22% since August 20, 2018 and is downtrending. It has underperformed by 32.22% the S&P500.
Analysts await MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) to report earnings on September, 5. They expect $0.79 EPS, up 23.44 % or $0.15 from last year’s $0.64 per share. MCFT’s profit will be $14.79M for 4.39 P/E if the $0.79 EPS becomes a reality. After $0.76 actual EPS reported by MasterCraft Boat Holdings, Inc. for the previous quarter, Wall Street now forecasts 3.95 % EPS growth.
More notable recent MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) news were published by: Globenewswire.com which released: “MasterCraft Boat Holdings, Inc. Reports Fiscal 2019 First Quarter Results – GlobeNewswire” on November 08, 2018, also Globenewswire.com with their article: “MasterCraft Continues X Series Wake Surf, Wakeboard Dominance With New X22 – GlobeNewswire” published on September 20, 2018, Globenewswire.com published: “MasterCraft Boat Holdings, Inc., to Present at the Baird 2019 Global Consumer, Technology and Services Conference – GlobeNewswire” on June 04, 2019. More interesting news about MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) were released by: Globenewswire.com and their article: “MasterCraft Boat Holdings, Inc., to Present at the 20th Annual B. Riley FBR Investor Conference – GlobeNewswire” published on May 20, 2019 as well as Investorplace.com‘s news article titled: “10 Triple-A Stocks to Buy for the Rest of 2018 – Investorplace.com” with publication date: November 21, 2018.
MCBC Holdings, Inc., through its subsidiaries, innovates, designs, makes, and markets recreational sport boats in North America and internationally. The company has market cap of $259.89 million. The firm offers recreational performance sport boats, which are primarily used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating. It has a 5.86 P/E ratio. It distributes its recreational performance sport boats under the MasterCraft brand name.
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