Australia's Rectifier Technologies hits one-week low on weak prelim results

Rectifier Technologies

27/01/2021 02:40

** Shares of Rectifier Technologies Ltd  RFT.AX  fall as
much as 5.1% to A$0.037, their lowest since Jan. 19
    ** The power rectifier maker estimates prelim HY profit
before income tax expense of A$800,000-A$900,000
($619,120-$696,510) due to the impact of the COVID-19 pandemic
 urn:newsml:reuters.com:*:nASX921205
    ** That is lower than previous year HY net profit 
    ** About 3.6 mln shares change hands, triple the 30-day avg
volume of 1.2 mln
    ** Stock has risen 2.6% this year, as of last close

($1 = 1.2922 Australian dollars)

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