Could iFresh Inc. (IFMK) Crash Even More? The Stock Just Made Yearly Low

July 16, 2018 - By Catherine Diaz

The stock of iFresh Inc. (NASDAQ:IFMK) hit a new 52-week low and has $4.24 target or 4.00 % below today’s $4.42 share price. The 9 months bearish chart indicates high risk for the $63.15 million company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $4.24 price target is reached, the company will be worth $2.53 million 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 8.84% or $0.4287 during the last trading session, reaching $4.4213. About 17,790 shares traded or 55.19% up from the average. iFresh Inc. (NASDAQ:IFMK) has declined 53.56% since July 16, 2017 and is downtrending. It has underperformed by 66.13% the S&P500.

More important recent iFresh Inc. (NASDAQ:IFMK) news were published by: Benzinga.com which released: “32 Stocks Moving In Friday’s Mid-Day Session” on July 06, 2018, also Benzinga.com published article titled: “31 Stocks Moving In Monday’s Mid-Day Session”, Seekingalpha.com published: “iFresh up 4% post FY results” on July 05, 2018. More interesting news about iFresh Inc. (NASDAQ:IFMK) was released by: Nasdaq.com and their article: “iFresh Inc. Enters into Common Stock Purchase Agreement with TRITON FUNDS” with publication date: July 16, 2018.

iFresh Inc. operates a network of grocery supermarket chains in the north-eastern United States. The company has market cap of $63.15 million. The company's chains provide vegetables, seafood, fruits, meat, snacks, seasonings, and other products. It currently has negative earnings. It also distributes rice and rice products, and seasonings and spices, as well as assortment of noodles, frozen vegetables, frozen dumplings, and frozen seafood under the Family Elephant, Feiyan, Green Acre, Golden Smell, Redolent, Shuangdeng/Double Lantern, SeaStar, Huang Duan Xiang 1987, and I FRESH brands.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.