What’s Ahead for Limbach Holdings, Inc. (LMB) After Forming Bearish Double Bottom Pattern?

September 17, 2017 - By Adrian Mccoy

The chart of Limbach Holdings, Inc. (LMB) shows a double bottom with $12.30 target or 7.00 % below today’s $13.23 share price. The 7 months chart pattern indicates high risk for the $98.62M company. It was reported on Sep, 17 by Finviz.com. If the $12.30 price target is reached, the company will be worth $6.90M less. Double bottoms are rare but powerful chart patterns.

It closed at $13.23 lastly. It is up 28.79% since September 17, 2016 and is uptrending. It has outperformed by 12.09% the S&P500.

Analysts expect Limbach Holdings, Inc. (NASDAQ:LMB) to report $0.21 EPS on November, 13.LMB’s profit would be $1.57 million giving it 15.75 P/E if the $0.21 EPS is correct. After having $0.10 EPS previously, Limbach Holdings, Inc.’s analysts see 110.00 % EPS growth.

Limbach Holdings, Inc. (NASDAQ:LMB) Ratings Coverage

Among 2 analysts covering Limbach Holdings (NASDAQ:LMB), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Limbach Holdings had 2 analyst reports since December 22, 2016 according to SRatingsIntel. The stock of Limbach Holdings, Inc. (NASDAQ:LMB) earned “Buy” rating by Roth Capital on Friday, August 18.

More notable recent Limbach Holdings, Inc. (NASDAQ:LMB) news were published by: Businesswire.com which released: “1347 Capital Signs Definitive Agreement to Merge with Limbach Holdings LLC, A …” on March 23, 2016, also Seekingalpha.com with their article: “Limbach: Near-Term Catalysts Should Close Valuation Gap” published on October 07, 2016, Marketwatch.com published: “13.23” on November 21, 2013. More interesting news about Limbach Holdings, Inc. (NASDAQ:LMB) were released by: Businesswire.com and their article: “Limbach Holdings to Ring the NASDAQ Stock Market Closing Bell in Celebration …” published on July 05, 2017 as well as Businesswire.com‘s news article titled: “Limbach Holdings to Present at DA Davidson’s 16th Annual Engineering …” with publication date: September 13, 2017.

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