NOTV - Inotiv Stock: Financial Turnaround Overshadowed By Animal Testing Controversies

2024-04-04 13:54:43 ET

Summary

• Inotiv, Inc. shares are under pressure after a judge ruled a shareholder class action lawsuit can move forward.
• The company's latest quarterly results were highlighted by an emerging financial turnaround following a difficult 2022 and 2023.
• We expect Inotiv, Inc. shares to remain volatile amid ongoing uncertainties, while a high balance sheet debt position also adds to risks.

Inotiv, Inc. ( NOTV ) shares have sold off by more than 30% following a recent court ruling denying the company's effort to dismiss a class-action lawsuit....

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