Business
Are these 2 beaten-up ASX shares turnaround ideas?
There are some ASX shares that soared in 2020. Other ones have been beaten up over the past 12 months.
Here are two businesses that have fallen by around 20% over the past year:
The Altium share price has dropped by around 21% over the past 12 months.
The electronic PCB software business implemented temporarily lower prices at the end of FY20 and longer payment terms to ensure that its client base and market share would keep rising.
The ASX share’s management has a plan for the tech company to become the global leader of its industry during this decade. When it reaches market leadership that is likely to mean that the company will be making around US$500 million of revenue.
However, Altium recently gave a trading update for the…
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