Business
Can the InvoCare (ASX:IVC) share price reclaim its 52-week high in 2021?
Funeral homes and cemeteries operator InvoCare Limited (ASX: IVC) had a rollercoaster year in 2020. The InvoCare share price fell as low as $9.07 in March 2020, after climbing to its 52-week high of $15.79 only a month earlier.
The share price is currently trading 1.3% lower for the day so far at $11.44 – which is still almost 30% off its highs of last year.
Can the InvoCare share price regain its former glory in 2021?
How did InvoCare do in 2020?
For its half year ending 30 June 2020, InvoCare produced revenue of $226 million which represented a 6.2% decline over the prior corresponding period. That resulted in a bottom line net loss of $18 million, compared to a $41 million profit in the same FY19 period.
The key driver in…
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