Interpump Group S.p.A. (MILAN:IP, IPGLF) delivered terrific results last year. Naturally, the stock soared after the 2018 fourth quarter earnings release, reaching a peak of more than €33.5 per share.
It is a nearly 30% gain in the first four months of 2019.
However, the shares retraced soon after the peak, virtually losing all the previous gain.
The reason is probably a worse-than-expected first quarter, which registered a decrease in its robust growth.
Source: Yahoo Finance
Yet, looking at the numbers, nothing appears to concern the company's management. Investors should not be particularly worried