What happened to the Cleanspace (ASX:CSX) share price?

Cleanspace Holdings Ltd (ASX: CSX) shares have endured a rough start to 2021. Shares in the ASX respirator company – which only listed on the ASX in October – took a sharp nosedive in late March following the release of a disappointing trading update.

The Cleanspace share price, which opened the year trading at $6.61, has shed close to a whopping 70% of its value and is now priced at just $2.05.

Company background

Founded in Australia in 2009, Cleanspace develops workplace respirators for the industrial and healthcare industries. The company sells a range of durable, lightweight respiratory protective equipment suited for many unique (and even dangerous) settings, including for use in potentially explosive environments.

While…