Because the profit margin for contractors is typically low.
The risk for a material price increase over the two years due to inflation can also kill any promising projects, if the client is inhumane and inconsiderate.
Nevertheless, on a TA perspective it has broken out and the big buy signal came out when MACD crosses the neutral region. I am still bullish on DUR over the coming years, but the share price has to cool down a bit in the coming weeks / months as the RSI is getting close to overbought region. Most likely more sideway actions around the 60s rather than a big dump to the 50s.
NFA
News: DUR Duratec Secures A$100M Wharf And Harbour Basin Upgrade Project With Department Of Defence, page-3
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Last
$1.43 |
Change
-0.015(1.04%) |
Mkt cap ! $361.5M | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.49 | $1.43 | $203.4K | 139.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10500 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 15505 | 1 |
View Market Depth
| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| DUR (ASX) Chart |