Q: Pbit is down about 35% over the last 2 months. Do you think this is stock related or sector related? I am still up 70% on the stock. Would you see Pbit as a hold or a sell? Thanks
5i Research Answer:
It is likely a combination of sector and small cap aversion. Financial results are good and guidance was recently affirmed with 62% growth expected. The balance sheet is decent and insiders are maintaining their ~20% interest. We would consider it risky, but a HOLD today.