[Featured Stock] Ray Falls Over 6% Amid Q1 Earnings Slump
[Asia Economy Reporter Minji Lee] Ray, a provider of digital dental solutions and diagnostic systems, is showing a downward trend following weak first-quarter performance.
At 10:45 a.m. on the 16th, Ray recorded 20,350 won, down 6% from the previous trading day. The stock fell to as low as 20,100 won during the session. It is analyzed that the announcement of weak first-quarter results affected investor sentiment.
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On the 13th, after the market closed, Ray announced its first-quarter earnings. On a consolidated basis, the company recorded an operating loss of 933.06 million won, turning to a deficit compared to the previous year (332.27 million won). Sales grew to 17.62569 billion won compared to 14.9 billion won the previous year. The net loss for the period was 322 million won.
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