Business
Why the Service Stream (ASX:SSM) share price is down 20% today
The Service Stream Limited (ASX: SSM) share price is being smashed today. Service Stream shares are down 19.94% at the time of writing to $1.37 a share. That’s essentially a 3-year low for the company since it last saw these levels back in February 2018.
Service Stream shares are now down more than 42% since December 2020 and down almost 54% since the company’s last all-time high, which we saw back in August 2019.
So what’s causing this calamitous drop in the Service Stream share price today?
Service Stream share price gets fried
Well, it appears to be a reaction to Service Stream’s earnings report for the first half of the 2021 financial year (1H21) that the company released after market close yesterday. As my Fool…
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