Connect with us

Business

The Youfoodz (ASX:YFZ) share price is down 15% today. Here’s why

Published

on

ADVERTISEMENT

The Youfoodz Holdings Ltd (ASX: YFZ) share price is one of the worst-performing initial public offerings of 2020. Its shares have struggled to gain traction, falling from a listing price of $1.50 to a close of 70.5 cents on Thursday. 

The company announced its third-quarter update with FY21 guidance today. At the time of writing, the Youfoodz share price has plummeted 14.8% and is now trading at 60 cents.

What’s driving the Youfoodz share price down? 

During the third quarter, Youfoodz prepared a total of 4.9 million meals, representing a 23.6% increase on the prior corresponding period (pcp). This translated to an 18.2% increase…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Broker eyes these ASX 200 shares following Federal Budget
What drove the Commonwealth Bank (ASX:CBA) share price this week?