What’s Propelling Limbach Holdings, Inc. (LMB) to Increase? The Stock Formed a Wedge Up

February 15, 2018 - By Dolores Ford

The stock of Limbach Holdings, Inc. (LMB) formed an up wedge with $14.06 target or 3.00 % above today’s $13.65 share price. The 8 months wedge indicates low risk for the $101.76 million company. If the $14.06 price target is reached, the company will be worth $3.05M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 3.33% or $0.47 during the last trading session, reaching $13.65. About 87,242 shares traded or 184.92% up from the average. Limbach Holdings, Inc. (NASDAQ:LMB) has risen 28.79% since February 15, 2017 and is uptrending. It has outperformed by 12.09% the S&P500.

Analysts await Limbach Holdings, Inc. (NASDAQ:LMB) to report earnings on April, 16. They expect $0.39 EPS, up 295.00 % or $0.59 from last year’s $-0.2 per share. LMB’s profit will be $2.91 million for 8.75 P/E if the $0.39 EPS becomes a reality. After $-0.12 actual EPS reported by Limbach Holdings, Inc. for the previous quarter, Wall Street now forecasts -425.00 % EPS growth.

Limbach Holdings, Inc. (NASDAQ:LMB) Ratings Coverage

Among 2 analysts covering Limbach Holdings (NASDAQ:LMB), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Limbach Holdings had 3 analyst reports since December 22, 2016 according to SRatingsIntel. Roth Capital maintained the shares of LMB in report on Monday, November 13 with “Buy” rating. The company was maintained on Friday, August 18 by Roth Capital.

More notable recent Limbach Holdings, Inc. (NASDAQ:LMB) news were published by: Businesswire.com which released: “Limbach Holdings LLC Announces Closing of its Merger with 1347 Capital Corp.” on July 21, 2016, also Seekingalpha.com with their article: “Limbach: Materially Undervalued And Misunderstood” published on November 29, 2017, Seekingalpha.com published: “Limbach Remains A High Conviction Idea For 2017” on December 30, 2016. More interesting news about Limbach Holdings, Inc. (NASDAQ:LMB) were released by: Businesswire.com and their article: “1347 Capital Signs Definitive Agreement to Merge with Limbach Holdings LLC, A …” published on March 23, 2016 as well as Businesswire.com‘s news article titled: “Limbach Holdings Announces Completion of Major Rebranding Initiative” with publication date: November 01, 2016.

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