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SAN - Revisiting Ingenico: 5 Months And Almost 100% Later
Banco Santander S.A. Sponsored ADR
Introduction
About 5 months ago, we had a closer look at the performance of Ingenico (OTC:INGIF) (OTCPK:INGIY) in a previous edition of Focus on Europe. The company had just bounced off a low in the mid-40 EUR level after announcing a cut to its FY 2018 performance. I argued the sell-off was overdone, and now, just five months later, that appears to have been a correct assessment: Ingenico’s share price is now trading 40% higher and the company has just raised its full-year guidance on the back of a strong first