Business
The Tyro (ASX:TYR) share price is down 20% in one month. Time to buy?
The Tyro Payments Ltd (ASX: TYR) share price has fallen almost 20% this month, despite the company releasing weekly figures showing increases in monthly transaction volumes.
It seems the payment solution’s share price has also underperformed compared to other payment providers. For example, the Zip Co Ltd (ASX: Z1P) share price is down 7.5% for the month, while the Sezzle Inc (ASX: SZL) shares are down 10% for the same period.
Market darling Afterpay Ltd (ASX: APT) on the other hand, is an outlier in the buy now, pay later sector, up 13% in the past month as its inclusion in the S&P/ASX 200 Index (ASX: XJO) looms.
So does this mean the current Tyro share price presents a good entry point for investors? Let’s take a look.
Why…
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