The iSentia Group Ltd (ASX: ISD) share price has retreated 0.6% today to trade at $1.79, although the company has not released any news.
iSentia is a media intelligence company, providing services such as media monitoring (including social media) and analysis and media release distribution.
The iSentia Group share price has had a poor 12 months, falling 42.3% during that time. Worse still, the shares have fallen almost 57% since hitting a 52-week high of $4.14 in October 2016.
The company's shares appeared to be on a road to recovery from mid-August to the beginning of August, but an update from the company saw the shares plummet in price again. In that update, the company revised its revenue and earnings guidance lower. iSentia now expects:
- Revenue to be $155.1 million, down from previous guidance of $162 million
- Underlying operating earnings (EBITDA) to be $41.5 million, down from previous guidance of $44 million
The update that sparked the sharp selloff was covered by Motley Fool writer Tom Richardson, which you can read here.