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Is It Time To Revisit Cactus (WHD) After The Recent Share Price Pullback

Is It Time To Revisit Cactus (WHD) After The Recent Share Price Pullback

  • If you are trying to work out whether Cactus is attractively priced or not, the stock’s recent moves and current valuation metrics give you quite a bit to think about.
  • Cactus closed at US$51.56, with returns of 9.6% year to date, a 12.3% decline over the past week and an 8.7% decline over the past month, while the 1 year return sits at 0.2% and the 5 year return at 56.2%.
  • These mixed short term moves against a relatively stronger multi year return profile set the backdrop for investors asking whether the latest pullback reflects a change in risk perception or just volatility. Recent coverage has focused on Cactus as part of wider interest in US energy equipment stocks, which has kept attention on how its fundamentals stack up against…

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