NPK
is South Africa's leading diversified packaging manufacturer. As of basic knowledge due to lockdown regulations economic growth has been slower across the world.
NPK
also took a great loss due to this pandemic. Fundamental positives :
- Gross Profit Margin : 30,34% ( Relatively Strong )
- Current Ratio : 1,36 ( They have enough current assets to manage short term debt )
- Price/Book Ratio : 0,10 ( They are undervalued because the ratio is below 1 )
Technical Analysis :
-
NPK
has recently started to move in a upward parallel channel - The support line has a steeper climb than the resistance trendline indicating stronger bullish movement
I would recommend to set Take Profit targets at R2,28
Always use Risk Management when entering a trade .