Business
The Openpay (ASX:OPY) share price is down 23% in 2 months: Time to buy?
It has been a disappointing start to the week for the Openpay Group Ltd (ASX: OPY) share price.
In afternoon trade, the buy now pay later provider’s shares are down 3.5% to $2.46.
Why is the Openpay share price dropping lower?
The Openpay share price has been on a very poor run of late and is now down 23% since this time in October. This is despite the company’s performance remaining strong during this period.
For example, in the middle of last month Openpay released a trading update for October and November to date.
That update revealed that active plans were up 233% in October compared to the prior corresponding period and active customers were up 143%. This underpinned a 101% increase in total transaction value (TTV) to…
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