Medley Management Inc. (MDLY) Can’t Be More Risky. Just Reaches 1 Year Low

June 17, 2018 - By Peter Erickson

The stock of Medley Management Inc. (NYSE:MDLY) hit a new 52-week low and has $2.96 target or 6.00 % below today’s $3.15 share price. The 8 months bearish chart indicates high risk for the $90.97 million company. The 1-year low was reported on Jun, 17 by Barchart.com. If the $2.96 price target is reached, the company will be worth $5.46 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 increased 1.61% or $0.05 during the last trading session, reaching $3.15. About 154,776 shares traded or 218.21% up from the average. Medley Management Inc. (NYSE:MDLY) has declined 20.87% since June 17, 2017 and is downtrending. It has underperformed by 33.44% the S&P500.

Another recent and important Medley Management Inc. (NYSE:MDLY) news was published by Businesswire.com which published an article titled: “Sierra Total Return Fund Announces Q3 2018 Distribution” on June 04, 2018.

Medley Management Inc. is an investment holding firm and operate and control all of the business and affairs of Medley LLC and its subsidiaries. The company has market cap of $90.97 million.

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