Ambu's shares rise post no-surprise report implies investors' hope for future, analyst says

Ambu A/S

25/08/2022 09:49

** Shares in Ambu  AMBUb.CO  are up nearly 9% after the
company published its Q3 report with EBIT of DKK 42 million
($5.65 million), in line with preliminary figure  urn:newsml:reuters.com:*:nASM000OO1
    ** On Aug. 4 shares in the Danish medical device maker
slumped 12% after it downgraded its full year guidance and cut
jobs  urn:newsml:reuters.com:*:nL8N2ZG1VC
    ** Per Hansen from Nordnet sees Thursday's performance of
Ambu shares as a random move as confidence in the stock is at
rock-bottom 
    ** Today's price surge reflects investors' hope for better
future, he adds
    ** Ambu is among top performers on the pan-European STOXX
600 index  .STOXX 
    ** Year-to-date the stock is down nearly 60%

 


($1 = 7.4281 Danish crowns)

 (Reporting by Marie Mannes)
 ((Marie.mannes@thomsonreuters.com))