Limbach Holdings, Inc. (LMB) Formed a Bullish Wedge Up, Could Be One of The Best Performers Soon

February 15, 2018 - By Lynda A. Deweese

The stock of Limbach Holdings, Inc. (LMB) formed an up wedge with $14.06 target or 3.00 % above today’s $13.65 share price. The 8 months wedge indicates low risk for the $101.76 million company. If the $14.06 price target is reached, the company will be worth $3.05M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 3.33% or $0.47 during the last trading session, reaching $13.65. About 87,242 shares traded or 184.92% up from the average. Limbach Holdings, Inc. (NASDAQ:LMB) has risen 28.79% since February 15, 2017 and is uptrending. It has outperformed by 12.09% the S&P500.

Analysts await Limbach Holdings, Inc. (NASDAQ:LMB) to report earnings on April, 16. They expect $0.39 earnings per share, up 295.00 % or $0.59 from last year’s $-0.2 per share. LMB’s profit will be $2.91M for 8.75 P/E if the $0.39 EPS becomes a reality. After $-0.12 actual earnings per share reported by Limbach Holdings, Inc. for the previous quarter, Wall Street now forecasts -425.00 % 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 3 analyst reports since December 22, 2016 according to SRatingsIntel. Roth Capital maintained it with “Buy” rating and $17.5 target in Friday, August 18 report. Roth Capital maintained Limbach Holdings, Inc. (NASDAQ:LMB) rating on Monday, November 13. Roth Capital has “Buy” rating and $17.5 target.

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 Marketwatch.com with their article: “Limbach Holdings Inc.” published on December 16, 2016, Seekingalpha.com published: “Limbach: Near-Term Catalysts Should Close Valuation Gap” on October 07, 2016. More interesting news about Limbach Holdings, Inc. (NASDAQ:LMB) were released by: Businesswire.com and their article: “Limbach Holdings LLC Announces Closing of its Merger with 1347 Capital Corp.” published on July 21, 2016 as well as Seekingalpha.com‘s news article titled: “Limbach: Materially Undervalued And Misunderstood” with publication date: November 29, 2017.

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