Business
Is the A2 Milk (ASX:A2M) share price cheap? Here’s what brokers think – The Motley Fool Australia
The A2 Milk Company Ltd (ASX:A2M) share price is down 70% from its 52-week high. Is this a buying opportunity for investors?
On Monday the A2 Milk Company Ltd (ASX: A2M) share price continued its disappointing run with another sizeable decline.
The fresh milk and infant formula company’s shares plunged 13% to $6.10.
This means the a2 Milk share price is now down a whopping 70% from its 52-week high.
Why did the a2 Milk share price crash lower?
Investors were selling the company’s shares on Monday after it downgraded its FY 2021 guidance for a fourth time.
Back in August 2020, a2 Milk was guiding to “strong revenue growth”…
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