Business
Why the Damstra (ASX:DTC) share price is crashing 11% lower today
The Damstra Holdings Ltd (ASX: DTC) share price is out of form on Friday and tumbling lower.
In afternoon trade, the integrated workplace management solutions provider’s shares are down over 11% to $1.18.
Why is the Damstra share price down 10%?
There have been a couple of catalysts for today’s decline in the Damstra share price.
The first and main catalyst is the market selloff, which has been particularly severe in the technology sector.
So much so, the S&P/ASX All Technology Index (ASX: XTX) is down almost 5% this afternoon. This compares to a 2% decline by the benchmark S&P/ASX 200 Index (ASX: XJO).
What else happened?
In addition to this, this morning Damstra released its half year results, which may have fallen short of…
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