Connect with us

Business

What’s been going on with the ELMO Software (ASX:ELO) share price?

Published

on

Shareholders of ASX tech company ELMO Software Ltd (ASX:ELO) have had to endure their fair share of volatility over the last 18 months. After soaring to a high of over $8 pre-COVID, the ELMO share price plunged more than 50% lower during the March crash last year.

Shares in the payroll software company rebounded just as quickly, and by early May were back up close to $8 again. However, they again underperformed over the second half of the year, and – despite a brief rally in December and January – they have now slid all the way back down to just $5.22.

What has driven the volatility in the ELMO share price?

It’s hard to separate ELMO’s yo-yoing share price in March and April of last year from broader investor uncertainty…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Uber Eats rider died riding e-bike not approved for use in NSW, company confirms – The Guardian
Article feature image
Queenstown starts party in airport to welcome Australians on first travel bubble flight – ABC News