7901.T stock down 38.74% to JPY 1,423 After Hours: short-term risk rises
Matsumoto Inc. (7901.T) plunged 38.74% in after-hours trading on the JPX to JPY 1,423.00, a drop of JPY 900.00 from the previous close. The move came on heavy volume of 624,000.00 shares versus an average of 51,515.00, marking the stock among today’s top losers in Japan. Traders cited weak fundamentals, a negative EPS of -380.18 and a stretched price-to-book of 3.94 as drivers. We examine why the market sold first and what analysts and our models see next for 7901.T stock
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