Real estate company McGrath has gone into a two-session trading halt to review its earnings forecast as the housing market eases.
McGrath, which only listed on the Australian share market in December, said in a statement to the ASX that it requested the trading halt so it can assess “how McGrath is progressing against the prospectus forecast.” The company will update the market before trade begins on Tuesday.
It last traded at $1.30 a share and has consistently traded below its $2.10 a share offer price in the past five months since floating.
READ MORE VIA THEAUSTRALIAN
