Upgrading Azure

Recent developments highlight the impressive long-term earnings potential for this clinical workflow company.

We downgraded our Azure (AZV) recommendation from “buy” to “hold” on August 25, with the share price having increased to 45 cents from 30 cents at our initial “buy” recommendation in March. Since this time, chief executive Robert Grey has sold down about a third of his shareholding, and our confidence in Azure’s long term growth potential has only increased.   

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