Shares in medical imaging company Pro Medicus have significantly declined on the Australian Securities Exchange (ASX) this Monday morning. The stock reached a low of $288.28, marking its lowest point in over two months, making it among the biggest underperformers on the ASX today.
Pro Medicus provides medical imaging software and services to hospitals, clinics, and imaging centres. Their solutions include radiology information systems and picture archiving and communication systems that help healthcare providers manage and interpret medical images more efficiently.
The broader healthcare sector is experiencing a downturn, contributing to Pro Medicus’s decline. Other major players in the sector are also trading lower. CSL is down by 1.9 per cent, while Imugen has decreased by 1.8 per cent. This sector-wide weakness appears to be weighing on investor sentiment toward healthcare stocks in today’s trading session.
