BRP ( (TSE:DOO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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BRP shares came under pressure after the Australian Competition and Consumer Commission opposed the sale of its Telwater Pty unit and analysts flagged concerns over the company’s high leverage and negative price-to-earnings ratio, warning of potential downside risk despite solid revenue growth and strong technical indicators. The stock also reacted to news of a secondary share offering designed to cut private equity firm Bain Capital’s stake in BRP, a move that does not change the company’s financial guidance or bring in new proceeds but can weigh on sentiment as more shares become available in the market.
More about BRP
YTD Price Performance: 49.96%
Average Trading Volume: 175,717
Technical Sentiment Signal: Buy
Current Market Cap: $5.5B
For further insights into DOO stock on TipRanks’ Stock Analysis page.
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