Business
2 cheap ASX shares to buy today
Although the Australian share market is trading at an 11-month high, not all shares are performing as positively.
Two ASX shares which are still trading materially lower than their 52-week highs are listed below. Are these beaten down shares too cheap to ignore?
The Appen share price has been well and truly out of form in recent months and is now trading almost 50% lower than its 52-week high. This has been driven largely by a recent update which revealed that demand for its artificial intelligence (AI) data services from major tech giants has softened due to COVID-19. In addition to this, the appreciation of the Australian dollar has also weighed on the company. It generates the vast majority of its revenue in the United…
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