American Electric Technologies, Inc (AETI)’s Double Bottom Chart Pattern Points to Higher Stock Risks

December 7, 2017 - By Stephen Andrade

Investors sentiment increased to 2 in Q2 2017. Its up 0.50, from 1.5 in 2017Q1. It is positive, as 0 investors sold American Electric Technologies, Inc shares while 3 reduced holdings. 2 funds opened positions while 4 raised stakes. 3.32 million shares or 6.05% more from 3.13 million shares in 2017Q1 were reported.
Manufacturers Life Insur Communication The accumulated 0% or 781 shares. Sfmg stated it has 493,986 shares. Renaissance Tech Ltd Liability Corporation, New York-based fund reported 82,800 shares. Panagora Asset Mngmt invested 0% of its portfolio in American Electric Technologies, Inc (NASDAQ:AETI). 1.42 million are held by Ariel Invs Ltd. Tieton Cap Mngmt Ltd Liability holds 1.13% in American Electric Technologies, Inc (NASDAQ:AETI) or 689,053 shares. 3,519 are owned by Blackrock. Geode Capital Mgmt Ltd Company stated it has 0% in American Electric Technologies, Inc (NASDAQ:AETI). Citadel Ltd Liability Company holds 0% or 11,130 shares. Pennsylvania-based Vanguard Grp Inc has invested 0% in American Electric Technologies, Inc (NASDAQ:AETI). California Employees Retirement Sys owns 21,500 shares. New York State Common Retirement Fund holds 0% in American Electric Technologies, Inc (NASDAQ:AETI) or 401,866 shares. Fincl Advisory Group reported 29,207 shares.

The chart of American Electric Technologies, Inc (AETI) shows a double bottom with $1.49 target or 4.00 % below today’s $1.55 share price. The 5 months chart pattern indicates high risk for the $13.44M company. It was reported on Dec, 7 by Finviz.com. If the $1.49 price target is reached, the company will be worth $537,520 less. Double bottoms are rare but powerful chart patterns.

It closed at $1.55 lastly. It is down 28.27% since December 7, 2016 and is downtrending. It has underperformed by 44.97% the S&P500.

More recent American Electric Technologies, Inc (NASDAQ:AETI) news were published by: Globenewswire.com which released: “American Electric Technologies to Report Fourth Quarter 2016 Results” on March 23, 2017. Also Globenewswire.com published the news titled: “American Electric Technologies to Report Third Quarter 2017 Results” on November 07, 2017. Seekingalpha.com‘s news article titled: “American Electric Technologies’ (AETI) CEO Charles Dauber on Q3 2017 Results …” with publication date: November 14, 2017 was also an interesting one.

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