RE:What happened today?I can only assume that their record first quarter results will be followed by a not so great second quarter. They hinted as much in the Q1 commentary. That huge US defense glove contract wrapped up and while the pipeline remains robust, they haven't announced any new large contracts.
Share price has been going downhill skiing for last 3 months, low float (27 million shares), and selling pressure (there must be some big holders dumping shares), but with a PE now of 6.4, Book value of $11.25, this is getting attractive again. Mgmt has the NCIB in place, will they start using it? CEO recently bought a bit and holds a big stack. Analysts were completely out in left field with their price targets mostly in the $34 range, useless.