Investors Abandon Hungary's Richter Shares

  • 7 Feb 2014 8:00 AM
Investors Abandon Hungary's Richter Shares
A weak bottom line and a disappointing growth outlook sparked a further sell-off in Richter shares, which plunged 8% on Thursday, falling to Ft 4,011 on heavy volume.

The shares have lost 13% of their value since Richter released its quarterly report early Wednesday.

The share price is now 20% below its 2014 peak, as investor perception of the company has undergone a sudden shift.

Source: Hungary Around the Clock

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