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Nearmap (ASX:NEA) share price hit by broker downgrade – The Motley Fool Australia
The Nearmap Ltd (ASX:NEA) share price was out of form on Monday after being downgraded by a leading broker. Here’s what happened…
The Nearmap Ltd(ASX: NEA) share price was out of form on Monday despite a decent recovery in the tech sector.
The aerial imagery technology and location data company’s shares ended the day 3% lower at $1.69. This compares to a 0.4% gain by the S&P/ASX All Technology Index (ASX: XTX).
This latest decline means the Nearmap share price is now down almost 50% from its high.
Why did the Nearmap share price tumble?
As well as being forced to explain the disclosure of its US legal battle by the Australian…
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