NZ's MHM Automation jumps most in 2 weeks on upbeat FY outlook

MHM Automation

20/05/2021 03:30

** Shares of MHM Automation Ltd  MHM.NZ  rise as much as
3.2% to NZ$0.640, their biggest intraday pct gain since May 6
    ** The automated systems supplier forecasts EBITDA of at
least NZ$3.5 mln ($2.51 mln) for the financial year 2021 vs
EBITDA of NZ$2.4 mln in the last financial year  urn:newsml:reuters.com:*:nNZW6fs1sV
    ** MHM shares at their highest level since May 13
    ** 72,359 shares change hands, nearly three times the 30-day
avg volume of 27,128
    ** Stock has lost 11.4% this year as of last close

($1 = 1.3947 New Zealand dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))