Ominto Inc (OMNT) Hit 52-Week Low

September 17, 2017 - By Vivian Park

The stock of Ominto Inc (NASDAQ:OMNT) hit a new 52-week low and has $2.94 target or 5.00 % below today’s $3.09 share price. The 5 months bearish chart indicates high risk for the $51.77M company. The 1-year low was reported on Sep, 17 by Barchart.com. If the $2.94 price target is reached, the company will be worth $2.59 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 9.91% or $0.34 on September 15, reaching $3.09. About 534,024 shares traded or 354.88% up from the average. Ominto Inc (NASDAQ:OMNT) has risen 254.18% since September 17, 2016 and is uptrending. It has outperformed by 237.48% the S&P500.

More notable recent Ominto Inc (NASDAQ:OMNT) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on May 30, 2017, also Businesswire.com with their article: “Ominto, Inc. Names Matthew Cohen General Counsel” published on May 09, 2017, Valuewalk.com published: “Ominto Inc’s (OMNT) Questionable Cayman Island Transaction” on August 08, 2017. More interesting news about Ominto Inc (NASDAQ:OMNT) were released by: Businesswire.com and their article: “Ominto, Inc. Announces Non-Compliance with Nasdaq Stock Market Listing …” published on August 24, 2017 as well as Valuewalk.com‘s news article titled: “Ominto Inc Warning Signs” with publication date: June 02, 2017.

Ominto, Inc. is engaged in online cash back shopping. The company has market cap of $51.77 million. The Firm operates through two divisions: e-commerce Cash Back and network marketing, and Film production and Animation. It currently has negative earnings. As of May 16, 2017, its shopping platform served clients in more than 100 countries.

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