What’s Propelling Central Garden & Pet Company (CENTA) to Reach 52-Week High?

June 18, 2018 - By Stephen Andrade

Central Garden & Pet Company (NASDAQ:CENTA) Logo

The stock of Central Garden & Pet Company (NASDAQ:CENTA) hit a new 52-week high and has $41.87 target or 3.00 % above today’s $40.65 share price. The 6 months bullish chart indicates low risk for the $2.15 billion company. The 1-year high was reported on Jun, 18 by Barchart.com. If the $41.87 price target is reached, the company will be worth $64.47M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.57% or $0.65 during the last trading session, reaching $40.65. About 31,801 shares traded. Central Garden & Pet Company (NASDAQ:CENTA) has risen 31.34% since June 18, 2017 and is uptrending. It has outperformed by 18.77% the S&P500.

More news for Central Garden & Pet Company (NASDAQ:CENTA) were recently published by: Businesswire.com, which released: “Central Garden & Pet to Present at the Oppenheimer 18” on June 08, 2018. Equitiesfocus.com‘s article titled: “Central Garden & Pet Co Class A (NASDAQ:CENTA) Getting Somewhat Favorable Press Coverage, Analysis Finds” and published on June 11, 2018 is yet another important article.

Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. The company has market cap of $2.15 billion. It operates through two divisions, Pet and Garden. It has a 19.68 P/E ratio. The Pet segment supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.

Central Garden & Pet Company (NASDAQ:CENTA) Institutional Positions Chart

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