[Special Stock] Orion, 8 Consecutive Trading Days of Decline... New Low
Orion continued its decline for eight consecutive trading days, hitting a 52-week low during intraday trading.
As of 10:13 a.m. on the 30th, Orion was trading at 87,300 won, down 600 won (0.68%) from the previous day. This marks a 52-week low. Since the 19th, Orion has been on a downward trend for eight consecutive trading days. The stock price, which was in the 92,000 won range, has fallen to the 87,000 won range.
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There are opinions that a recovery in sales growth rate is necessary for the stock price to rise. Jeong Hansol, a researcher at Daishin Securities, said, "At the beginning of the year, investments in the bio-industry unrelated to the core business and the lowered domestic and international sales growth rates have reduced investment attractiveness, causing the stock price to remain sluggish." He added, "Considering the overwhelmingly high profit margins within the food industry and the core business's cash-generating ability, the current stock price is excessively undervalued, but ultimately, a recovery in sales growth rate is necessary for the stock price to rise."
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