More than 58 billion U.S. dollars has been wiped off the value of Samsung Electronics since January of last year…. with the company′s stock prices currently wallowing at a two-year low.
According to Korea Exchange,… Samsung Electronics′ total market value,… based on their closing price on Tuesday,… stood at some 165 billion dollars,… down from 223 billion dollars in January 2013, when Samsung′s stock hit an all-time high of about 15-hundred dollars.
Samsung′s stock price hovered around the 11-hundred dollar-level on Tuesday,… the lowest since July 2012.
Analysts say a lower profit forecasts for the third quarter and the company′s excessive inventory have turned investors off Samsung.
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