Limbach Holdings, Inc. (LMB) Stock Is At 52 Week Low Now

June 11, 2018 - By Jason Grubb

The stock of Limbach Holdings, Inc. (NASDAQ:LMB) hit a new 52-week low and has $10.42 target or 6.00 % below today’s $11.08 share price. The 5 months bearish chart indicates high risk for the $83.57 million company. The 1-year low was reported on Jun, 11 by Barchart.com. If the $10.42 price target is reached, the company will be worth $5.01M 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 0.18% or $0.02 during the last trading session, reaching $11.08. About 5,896 shares traded. Limbach Holdings, Inc. (NASDAQ:LMB) has declined 0.97% since June 11, 2017 and is downtrending. It has underperformed by 13.54% the S&P500.

Analysts await Limbach Holdings, Inc. (NASDAQ:LMB) to report earnings on August, 13. They expect $0.31 earnings per share, up 210.00 % or $0.21 from last year’s $0.1 per share. LMB’s profit will be $2.34 million for 8.94 P/E if the $0.31 EPS becomes a reality. After $-0.60 actual earnings per share reported by Limbach Holdings, Inc. for the previous quarter, Wall Street now forecasts -151.67 % EPS growth.

Another recent and important Limbach Holdings, Inc. (NASDAQ:LMB) news was published by Businesswire.com which published an article titled: “Limbach Holdings Reports First Quarter 2018 Results” on May 15, 2018.

Limbach Holdings, Inc. provides commercial specialty contractor services in the United States. The company has market cap of $83.57 million. It operates in two divisions, Construction and Service. It currently has negative earnings. The firm provides services in the areas of HVAC , plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

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