Why the Electro Optic (ASX:EOS) share price has faltered in 2020

The Electro Optic Systems Holding Ltd (ASX: EOS) share price has been a weak performer in 2020. After a strong start to the year, the company was marred by severe disruptions to its operations.

Let’s take a closer look at what’s been impacting the Electro Optic share price in 2020.

Electro Optic Systems 2020 overview

At the beginning of the year, the Electro Optic Systems share price took off to reach an all-time high of $10.80 in February. The business first made tailwinds by acquiring Audacy Corporation, a space communications company based in the United States. EOS advised the takeover would represent a new step towards the company entering the space communications market.

Roughly a month later, Electro Optic Systems…