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  5. DRX: This stock has taken quite a dip in the past few weeks and I can't seem to find any news on why. [ADF Group Inc. Subordinate Voting Shares]
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Q: This stock has taken quite a dip in the past few weeks and I can't seem to find any news on why. I was wondering if they have lost a major contract can you help me out please.
Thanks Rick
Asked by Rick on March 19, 2024
5i Research Answer:

There has been no company news since December, when the company won $234M in orders. If a large contract was lost the company would need to report that. The stock is up 307% in a year and for a small cap we would not see the decline as particularly newsworthy. It is still up 22% YT D and very cheap at less than 8X earnings. The decline only brings the stock back to its Feb 20 level. 

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