Shares in diversified financial services group FlexiGroup Limited (ASX: FXL) are down 1.6% at the time of writing to $1.75, a slide of 25.5% from its share price of $2.35 at this time last year, with analysts now placing it in buy territory.
FlexiGroup Limited provide leasing, vendor finance programs, interest free and visa card, mobile broadband and payment solutions to consumers and businesses across Australia and New Zealand.
Wealth Within senior analyst Janine Cox said the multi-year decline in FlexiGroup's share price had only recently shown signs of recovery, but if the stock trades below $1.60 there is a chance for a further short fall to $1.30 (based on technical analysis of charts).
Labelling FlexiGroup a "short-term buy opportunity" Cox said the stock's lower liquidity placed it in the high-risk proposition basket and any trade above $1.91 should indicate a turnaround.
FlexiGroup Limited handed down its half-year results on February 20 reporting underlying cash NPAT of $44 million, with 13% growth in volume and restructuring expected to deliver ongoing savings for the second half.
