I think this is sector specific, rather than stock specific. If you look at the performance of defence stocks in Europe, they've also taken a bit of a hit.
Defence offered a good growth opportunity against the backdrop of inflation and higher for longer rates. We're seeing a cyclical shift as investors chase value in other beat up areas, now it looks like Central banks are loosening the screws.
Fundamentals remain good, input costs are falling, so margins should be maintained. Crack on.
I think this is sector specific, rather than stock specific. If...
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$3.45 |
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-0.260(7.01%) |
Mkt cap ! $165.2M | |||
| Open | High | Low | Value | Volume |
| $3.71 | $3.75 | $3.42 | $527.5K | 148.9K |
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| No. | Vol. | Price($) |
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| 1 | 828 | $3.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.51 | 183 | 4 |
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| BIS (ASX) Chart |