Fingerprint Cards Comes Full Circle as All 2015 Gains Now Erased
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Fingerprint Cards AB became a stock sensation in 2015, when the then little-known Swedish maker of biometric sensors soared more than 1,500 percent. But after a struggle with intensifying competition, falling prices and numerous profit warnings, all those gains have been erased.
In the first months of 2015, Fingerprint Cards’ stock traded between 6 and 10 kronor before jumping to an all-time high of 135 kronor in early December that year, a more than 19-fold in less than 12 months. The company’s shares now trade at about 9 kronor, a decline of 93 percent from its 2015 high, and many analysts have dropped coverage of the stock, which has also been booted out of Sweden’s benchmark large-cap index.