The share price of Quipt Home Medical ( ) has been decimated the past couple of weeks despite their outstanding earnings report and forward guidance. The common explanation seems to be that the share price dropped due to the company issuing a $40M ATM authorization even though the company explicitly stated in the press release and on the call that they have no immediate intent to use the ATM—it is merely a housekeeping matter and another tool in their kit for future potential acquisitions.
QIPT’s Share Price Drop Not All ATM-Related
QIPT’s Share Price Drop Not All ATM-Related
QIPT’s Share Price Drop Not All ATM-Related
The share price of Quipt Home Medical ( ) has been decimated the past couple of weeks despite their outstanding earnings report and forward guidance. The common explanation seems to be that the share price dropped due to the company issuing a $40M ATM authorization even though the company explicitly stated in the press release and on the call that they have no immediate intent to use the ATM—it is merely a housekeeping matter and another tool in their kit for future potential acquisitions.