Fundamentals: In comparison to competitors... P/B @3.31 is not looking good (50%+ compared to competitor), P/E @21.3 is not good (50%+ compared to competitor), debt position is high compare to competitor. So comparing like for like against competitor SP, this has potential to go down by 15-20%
Technical:
90days downward trend maintained, MACD recently reversed and trending down below zero with sharp decline to negative territory but not yet in oversold. This to me indicates imminent 10-15% downside in 30days period.
I do not hold and do not intend to buy above $5.49. I believe $5.49 should be next support level IPH can count on.
My opinion only - Do your Own Research.
IPH Price at posting:
$6.52 Sentiment: Sell Disclosure: Not Held
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