Volatility: The stock traded between an intraday high of Euro12.90 and a two-day low of Euro12.65.
Moving Average Price (MAP): The price to 200-day MAP ratio is 1.05, a bullish indicator. In the past 200 days this ratio has exceeded 1.05 five times suggesting further upside. The stock is trading above both its MAPs at Euro12.08 for the 200-day MAP and Euro11.44 for the 50-day MAP, another bullish indicator. In the last three months the number of rises outnumbered falls 36:24 or 1.5:1.
Relativities: Since open its percentile rank in the Italian market was 38. In the Italian market of 395 stocks, the stock has a six-month relative strength three months and 93 for one month.
Volume and Turnover Period: There were 28,109 shares worth Euro357,828 (US$555,116) traded. The volume was 0.3 times average trading of 100,817 shares. The turnover rate in the 12 months to date was 103.3 per cent (or a turnover period of 11 months). This average length of ownership of the stock at 0.7 times the average holding period of 1 year 3 months for stocks in the All STARS Index suggests a slightly larger number of speculators on the share register, making it less safe for long-term investors.
Annual Report for the year ended December 31, 2006 (year-on-year comparisons with previous corresponding period)-
Favourable Changes: total revenue up 9.1 per cent to Euro3.3b (US$4.4b); net profit growth 41.5 per cent to Euro417.5m (US$550.8m); EPS growth 34.6 per cent to Euro1.7 (US$2.3); interest cover up 332.9 per cent to 15.7; EBIT Margin up 13.8 per cent to 21.9 per cent; a track record of profits in four of the last four years; total debt to net tangible assets down from 90.8 to 65.4 per cent; total liabilities to operating cash flow down 36.1 per cent to 5: this compares unfavourably with Joseph Piotroski benchmark of four; debt to equity down 26.0 per cent to 0.5; total liabilities to total assets down 7.9 per cent to 0.5; current ratio up six per cent to 2.2; NTA per share up 7.3 per cent to Euro9.2 (US$12.1).
