Environmental Group Limited ( (AU:EGL) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Environmental Group Limited (AU:EGL) experienced a downturn in its stock prices due to a 13.4% drop in EBITDA and a significant 30.5% decrease in profit attributable to equity holders. These financial challenges were mainly caused by cost overruns in the Baltec IES business unit and expenses related to restructuring and ERP implementation. Despite a 16.1% increase in revenue and a $1.52 million rise in net assets, the company’s financial results and operational hurdles have led to a market sentiment consensus rating of ‘Hold’ for EGL, indicating cautious investor outlook.
More about Environmental Group Limited
YTD Price Performance: -17.19%
Average Trading Volume: 278,023
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$100.8M
For further insights into EGL stock on TipRanks’ Stock Analysis page.
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