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As the Pro Medicus share price drops 8%, should I buy more?


Published on 2024-12-09 22:01:10 - MSN
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  • Is the healthtech darling going on sale after a record run? The post As the Pro Medicus share price drops 8%, should I buy more? appeared first on The Motley Fool Australia.

The article discusses the recent performance of Pro Medicus, an Australian company specializing in radiology information systems, whose share price has dropped by 8%. Despite this decline, the article suggests that the company's fundamentals remain strong. Pro Medicus has shown consistent growth, with its revenue increasing by 26% in the first half of the fiscal year, and its earnings per share also rising significantly. The drop in share price is attributed to broader market concerns rather than company-specific issues. The article debates whether this dip presents a buying opportunity for investors, considering the company's robust financial health, its expansion into new markets like the US, and its ongoing innovation in healthcare technology. However, it also cautions that potential investors should consider their risk tolerance and investment strategy, as the stock's high valuation might still be a concern despite the price drop.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/general/as-the-pro-medicus-share-price-drops-8-should-i-buy-more/ar-AA1vzgjB ]