Why a2 Milk, Centaurus Metals, Kogan, & Youfoodz are sinking today

Kogan.com Ltd (ASX:KGN) and Youfoodz Holdings Ltd (ASX:YFZ) are two of four ASX shares sinking notably lower on Friday…

| More on:
a trader on the stock exchange holds his head in his hands, indicating a share price drop

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a small daily decline. In afternoon trade, the benchmark index is down 0.2% to 7,046.2 points.

Four ASX shares that are falling more than most today are listed below. Here's why they are sinking lower:

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price has fallen 3.5% to $7.37. This infant formula company's shares have come under pressure this week after being downgraded by analysts at Morgans. The broker has suggested that an inventory build up and discounting could lead to a2 Milk falling short of its downgraded guidance in FY 2021.

Centaurus Metals Limited (ASX: CTM)

The Centaurus Metals share price is down 3.5% to 67.5 cents. This is despite the company announcing that it has secured possession of a further key piece of land that covers its 100%‐owned Jaguar Nickel Sulphide Project in northern Brazil. According to the release, the latest agreement covers an area of approximately 480 hectares and provides further security of land possession for the long‐term benefit of the Project. Weakness in the nickel price overnight could be weighing on its shares.

Kogan.com Ltd (ASX: KGN)

The Kogan share price has crashed 14% to $10.70. Investors have been selling the ecommerce company's shares following the release of a disappointing third quarter update. While Kogan's top line growth was strong, a jump in operating costs led to its operating earnings declining 24% compared to the prior corresponding period.

Youfoodz Holdings Ltd (ASX: YFZ)

The Youfoodz share price has sunk 14% to 60.5 cents. This morning the ready-made meals company released its third quarter update and revealed a 23.6% increase in prepared meals to a total of 4.9 million. This underpinned an 18.2% increase in gross revenues to $35.3 million. However, due to weak demand in the B2B market, Youfoodz advised that it would fall short of its revenue and EBITDA guidance.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended A2 Milk and Kogan.com ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Fallers

Three guys in shirts and ties give the thumbs down.
Share Fallers

Why CBA, G8 Education, JB Hi-Fi, and Vault Minerals shares are falling today

These shares are falling on Thursday. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

These were the worst ASX 200 shares to buy in June

These shares took a tumble last month. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Domino's, Helia, Qantas, and Zip shares are sinking today

These shares are having a tough time on hump day. But why?

Read more »

A sad man looks at his computer screen as he holds a slice of pizza in his hand with an open pizza box in front of him on his desk.
Share Fallers

Why did the Domino's share price just crash 17%?

ASX investors just sent Domino’s shares tumbling more than 17% today. But why?

Read more »

Red arrow going down with share prices in red symbolising a falling share price
Share Fallers

These 5 ASX All Ords shares were the biggest fallers of FY25

These are the ASX All Ords stocks you didn't want to own in FY25...

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why CBA, HMC Capital, Mineral Resources, and NIB shares are falling today

These shares are falling on Tuesday. But why?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

These were the worst performing ASX 200 shares in FY 2025

These shares destroyed the wealth of their shareholders in the last financial year.

Read more »

Shot of a young businesswoman looking stressed out while working in an office.
Share Fallers

Why BHP, Lynas, Newmont, and Virgin Australia shares are falling today

These shares are starting the week in the red. But why?

Read more »