Christ rises from the ashes to breathe again
- From: Vol 10, Issue 5 (May 2009)
- Category: General
- Region: Europe
- Country: Austria
- Related Companies: Aqua Engineering, Christ Water Technology and Erste Bank
It seems that Christ Water may have finally convinced investors that their fears over bankruptcy are unfounded. The stock has risen by 160% in the last two weeks.
Christ Water Technology shares bounded back this month after a broker's note described the company as a "turnaround story". Erste Bank upgraded the Swiss-based industrial water equipment specialist on 28th April from a "sell" to a "speculative buy", with a target price of €2.00.
The company, which also owns desalination specialist Aqua Engineering, has had a harrowing year ...
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