Business
Here’s why the Mach7 (ASX:M7T) share price is down 6% today
The Mach7 Technologies Ltd (ASX: M7T) share price has come under pressure on Thursday.
In afternoon trade, the enterprise imaging platform provider’s shares are down 6.5% to $1.42.
Despite this decline, the Mach7 share price is still up a massive 71% since this time last year.
Why is the Mach7 share price under pressure?
Investors have been selling Mach7 shares today following the release of its half year results.
For the six months ended 31 December, the company reported a 24% increase in sales to $10.9 million. Management notes that this was achieved despite some disruption caused by COVID-19.
Management advised that it has been pleased with the early success of the eUnity (Client Outlook) acquisition and its integration. It…
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