Published on 27 Apr 2024 on Simply Wall St. via Yahoo Finance
Swiss Steel Holding AG (VTX:STLN) shareholders should be happy to see the share price up 12% in the last month. But will that repair the damage for the weary investors who have owned this stock as it declined over half a decade? Probably not. In fact, the share price has tumbled down a mountain to land 83% lower after that period. While the recent increase might be a green shoot, we're certainly hesitant to rejoice. The fundamental business performance will ultimately determine if the turnaround can be sustained. We really hope anyone holding through that price crash has a diversified portfolio. Even when you lose money, you don't have to lose the lesson.
Since Swiss Steel Holding has shed CHF33m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.