Heracles General Cement Co trading at low volume

Heracles General Cement Co trading at low volume
Published: 05 June 2008

Heracles General Cement Company Greece’s 4th largest Industrials company by market capitalisation, closed unchanged at Euro16.50. The volume was 0.02 times average trading of 38,768 shares. The stock was unchanged for a second day on Wednesday.

Moving Average Price (MAP): The price to 200-day MAP ratio is 0.99. In the past 200 days this ratio has been under 0.99 136 times suggesting further downside. The 50-day MAP of Euro16.55 is lower than the 200-day MAP of Euro16.68, a bearish indicator. In the last three months the number of falls outnumbered rises 18:16 or 1.12:1.

Volume and turnover period: There were 676 shares worth Euro11,154 (US$17,224) traded. The turnover rate in the 12 months to date was 13.6 per cent (or a turnover period of seven years three months). This average length of ownership of the stock at 4.7 times the average holding period of one year six months for stocks in the Athex All Share Index suggests a larger number of core investors, making a long-term investment safer.