Sigma Healthcare Ltd (ASX: SIG) finished yesterday up 4% to $0.81c but is down 39% in a year.
Sigma Healthcare has a pharmaceutical network as well as being a wholesaler and distributor of pharmaceutical products. The share price has been weak due to earnings being below expectations for the 2017/18 financial year.
The company said the disappointing profit was due to a combination of "softer consumer retail spending during the year, the loss of a large customer group, the mediation process with our largest customer in Chemist Warehouse, and the ongoing impact of regulatory issues".
The forward price-to-earnings ratio is 14x, while the current dividend yield is 6.5%.
Ramsay Health Care Limited (ASX: RHC), which is in the same sector, also saw a 4% fall to $62.18. News that the CEO sold down 75,000 shares, which he says is for for tax reasons, may mean that he lacks some confidence in his own company.
