These ASX 200 shares have been smashed in 2021

Although the S&P/ASX 200 Index (ASX: XJO) has just climbed to an 11-month high, not all shares are faring as well.

The three ASX 200 shares listed below, for example, have fallen heavily in 2021. Here’s why they have been beaten down:

The Altium share price has fallen 12.5% since the start of 2021. Investors have been selling the electronic design software provider’s shares after it released its guidance for the first half. Altium is expecting to deliver revenue of around US$89.6 million for the half, which will be down 3% on the prior corresponding period. This soft performance has been caused by COVID-19 lockdowns, which have been impacting its sales in the United States and Europe. However, management is expecting its…