Following an ASX query regarding a substantial fall in its share price, Maxitrans Industries confirmed there was no explanation for the trading that had occurred. The company also said it was on track to meet guidance, which pointed to similar second-half earnings to that achieved in the first half.

This would equate to earnings per share of about 14¢, indicating Maxitran is trading on a price-earnings multiple of about 6 times relative to 85.5¢, the level that it was sold down to before the ASX query. With its shares down from a high of $1.55 in March, this represents extremely good value and arguably a buying opportunity.