Previously writing on group describing itself as “a leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry” Zoo Digital (ZOO), in July with the shares falling below 75p I concluded that slashed forecasts and the outlook uncertainty still weren’t fully reflected in the valuation and to certainly continue to avoid. The shares most recently closed at 22p, but what of them currently bouncing to above 28p on the back of a latest “Trading Update”?
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