The EUR 12.18 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.

From a fundamental viewpoint, the security is cheap with a P/E Ratio of 4.43x for 2016 and 4.07x for 2017.
Besides, EV/Sales is low with a ratio at 0.31x for this year.

Technically, the security is in a neutral configuration in the mid and long term horizon. Nevertheless, the stock seems in an oversold situation, near to its EUR 12.18 support in daily data. This level might stop the bearish trend in the short term and helps a technical rebound on the stock.

In consequence, investors might buy the stock in the current area with a target price at EUR 13.3 resistance, corresponding to the 20-day moving average. A stop-loss will be placed at EUR 11.8.