Cementos Portland Valderrivas hits year-low 11th time in three months

Cementos Portland Valderrivas hits year-low 11th time in three months
Published: 13 February 2009

Cementos Portland Valderrivas, Spain’s fourth largest Construction company by market capitalisation, hit a 52-week low of €20 during the day. In the last three months the stock has hit a new 52-week low eleven times, pointing to a significant downtrend. The stock fell for a third day on Thursday bringing its three-day fall to 80 Eurocent or 3.8 per cent. The share price dipped 12.0 Eurocent (or 0.6 per cent) to €20.20. Compared with the IBEX35 index which fell 154.9 points (or 1.8 per cent) on the day, this represented a relative price change of 1.3 per cent.

Price Volume Trend: The price fell 3.8% in the last week and crashed 16.5% in the last month. This has been exacerbated by firm volume of 1.5 times average for the week and 1.3 times average for the month. In the last three months the number of falls outnumbered rises 40:18 or 2.22:1.

tations Index which fell 88.4 points (or 0.4 per cent) on the day, this represented a relative price change of -2 per cent.