Q: Why has NPI dropped so much today , should I hold or sell.
5i Research Answer:
NPI missed estimates, with a 16% drop in EBITA, an 11% decline in sales and a 63% decline in net income. It was a pretty ugly quarter but the company still affirmed its yearly guIdance, with its 2023 focus on advancing its growth projects. There was nothing good really in the quarter, but with the stock hit valuation is 14x earnings and with a 4% yield. The price drop makes sense, but with the decline we would consider it a hold now.