tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

eREX Faces Financial Risk Due to ENETRADE’s Civil Rehabilitation

Story Highlights
eREX Faces Financial Risk Due to ENETRADE’s Civil Rehabilitation

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An update from eREX Co., Ltd. ( (JP:9517) ) is now available.

eREX Co., Ltd. has announced a potential financial risk due to its business partner, ENETRADE Inc., filing for civil rehabilitation proceedings. This situation could result in the non-collection or delayed collection of receivables amounting to 1,003 million yen, impacting eREX’s financial performance, which is currently under review.

The most recent analyst rating on (JP:9517) stock is a Hold with a Yen754.00 price target. To see the full list of analyst forecasts on eREX Co., Ltd. stock, see the JP:9517 Stock Forecast page.

More about eREX Co., Ltd.

eREX Co., Ltd. operates in the energy sector, focusing on power wholesale business. The company is listed on the TSE Prime Market and is led by Representative Director and President Hitoshi Honna.

Average Trading Volume: 207,322

Technical Sentiment Signal: Sell

Current Market Cap: Yen58.05B

See more insights into 9517 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1