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However, WTRH’s stock has slumped 19.6% in price over the past month to close yesterday’s trading session at $0.94. Also, the stock is currently trading 79.5% below its 52-week high of $4.57.
Although the food delivery company’s recent investment in a mobile banking blockchain application as a payment option for its customers, and acquisitions in the fintech sector could bode well for the stock, its underwhelming financials and unchanged active diner growth rate in its last reported quarter could be alarming.
