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STW shares rally slightly to close at 79.5 cents

stw logoThe STW Communications share price has closed at 79.5 cents today having closed at $1.028 yesterday, a 22.44 per cent decline.

STW opened this morning with a market capitalisation of $412.5m, and is now valued at $314.59m.

The crash in share price came after Australia’s largest marketing services group revealed its earnings dropped by five per cent last year, with CEO Mike Connaghan pinning the blame on the group’s new business record and signalling it would undergo a “strategic and structural review of the business”.

A chart showing the STW share price performance this morning. Source: Google Finance

A chart showing the STW share price performance this morning. Source: Google Finance

At 11.30am the share price was as low as 72.5 cents.

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