Why did Qlife Holding stock fall on 9 October?
Written after the close on
Qlife Holding −11.15%
Qlife Holding fell very sharply in the last session, likely on the auditor change approved at its extraordinary general meeting earlier in the week. Over the last five trading days Qlife Holding fell sharply while the OMX Stockholm 30, Stockholm's main large-cap index, was roughly unchanged, so the weakness was specific to the company rather than the market. The auditor change, replacing the company's audit firm, is the concrete event from the period and can unsettle investors in a small healthcare company, while the completed customer-funded feasibility study for its Egoo home-testing platform, announced last week, was a positive but already-known item. What to watch next is whether the company moves the Egoo feasibility work into a paid next development phase with the pharmaceutical partner.