Australia's Acusensus falls most in 8 months after failing to secure US contract

Acusensus

04/03/2024 03:05

** Shares of Acusensus  ACE.AX  fall as much as 19.2% to
A$0.630, their lowest worst level since July 24
    ** The road safety solutions firm says its unit Acusensus,
Inc. failed to win a U.S. work zone speed contract tender
    * Adds, tender run by Washington State Department of
Transportation closed the tender without awarding contract to
any party
    ** Says tender was to support state-wide speed safety camera
programme for work zones
    ** Stock on track for its worst day since Feb. 27, if
current trends hold
    ** Stock down 1.3% so far this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))