Rakon shares rocket on earnings guidance and Chinese customer cut
Oscillator maker’s shares are up nearly 40% in two days.
Rakon’s factory floor at its Mt Wellington facility.
The value of Rakon’s shares has risen more than 18% today, seemingly on the back of yesterday’s slight earnings guidance improvement, although a key investor has speculated the company could be the subject of renewed takeover interest.
That’s because the NZX-listed oscillator maker also said
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