Category: Maytronics
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Maytronics slumps further as guidance cut, CFO leaving
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Israeli company to manufacture swimming pool cleaning robots Maytornix Co., Ltd. (level:MTRN) continues to disappoint investors on the Tel Aviv Stock Exchange (TASE) by reporting another quarter of disappointing results, and cutting guidance for the second straight quarter. As a result, the company’s share price is currently down 20%, giving…
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NIS 7b wiped off Maytronics’ value since 2021
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Members of Kibbutz Jezreel in northern Israel must have pulled out their hair when they saw the stock price of pool-cleaning robot maker Maytronics (TASE: MTRN) fall nearly 30% in a single day following the release of disappointing first-quarter financials. The stock price collapse wiped out about NIS 1 billion…