It’s been a good week for S&P/ASX 200 Index (ASX: XJO) shares. The index has gained 2.05% since Monday.
But these 3 stocks are proving there will always be bumps in the road for ASX-listed companies – no matter how big.
Let’s take a closer look at what’s been happening with the ASX 200’s worst performing shares this week.
3 ASX 200 shares that fell this week
Costa Group Holdings Ltd (ASX: CGC) – down 21%
Yesterday was a particularly bad day for the Costa Group share price.
It fell a whopping 23.32% over the course of the day, following its annual general meeting update.
Despite its performance during the first half being better than the previous comparable period, the market expected greater results.
The Costa Group share price is ever so slightly bouncing back today. Currently, it’s up by 0.59% with shares in the company trading for $3.39.
Right now, Costa Group has a price-to-earnings (P/E) ratio of 29.33.
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) – down 12%
Despite releasing what looked to be extremely positive full year results yesterday, the Fisher & Paykel share price closed 6% lower than the previous session.
The medical device company reported a 56% increase in operating revenue and an 82% jump in net profit after tax but declined to provide any future guidance.
Fisher & Paykel stated this was because the market was too uncertain.
Right now, shares in the ASX 200 company are trading for $27.35.
The company now has a P/E ratio of 47.17.
CSR Limited (ASX: CSR) – down 7%
The CSR share price is having a bad day today, having fallen 5.4% at the time of writing.
The drop is mostly due to the building materials company’s shares trading ex-dividend.
Having started the week swapping hands for $5.98, CSL shares are now trading for $5.57.
CSR has a P/E ratio of 19.65