Could DHX Media Ltd. (DHXM) See a Reversal After Breaking Its 1 Year Low?

July 13, 2018 - By Sheila Anderson

DHX Media Ltd. (NASDAQ:DHXM) Logo

The stock of DHX Media Ltd. (NASDAQ:DHXM) hit a new 52-week low and has $1.77 target or 9.00 % below today’s $1.95 share price. The 9 months bearish chart indicates high risk for the $263.68 million company. The 1-year low was reported on Jul, 13 by If the $1.77 price target is reached, the company will be worth $23.73M 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 2.50% or $0.05 during the last trading session, reaching $1.95. About 74,595 shares traded or 45.54% up from the average. DHX Media Ltd. (NASDAQ:DHXM) has declined 43.15% since July 13, 2017 and is downtrending. It has underperformed by 55.72% the S&P500.

DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company has market cap of $263.68 million. It operates through three divisions: Content Business, DHX Television Ltd., and Copyright Promotions Licensing Group. It currently has negative earnings. The firm focuses on children's, youth, and family productions; offers animation programs; and provides production services.

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