Which ASX companies are starting off the week as the top movers in the ASX 300 today?

The ASX 300 is starting the week off on a positive note.
The post Which ASX companies are starting off the week as the top movers in the ASX 300 today? appeared first on The Motley Fool Australia. –

The S&P/ASX 300 Index (ASX: XKO) is pushing higher on Monday, regaining lost ground from last week’s consecutive negative run.

During mid-afternoon trade, the ASX 300 is up 0.19% to 7,502 points. It’s worth noting that the index is around 1.6% from its record high of 7,625 points.

Let’s take a look at which ASX companies are the strong performers today.

Novonix Ltd (ASX: NVX)

The Novonix share price is rocketing 13.87% to $4.68, despite no market sensitive news out of the company today.

The lithium company released its full-year results to the market last Thursday, highlighting revenue growth of $5.2 million, up 22.9%.

It seems investors are buoyant on Novonix, after its shares have risen almost 30% in the past week. In August alone, the company’s share price is more than 80% higher.

Temple & Webster Group Ltd (ASX: TPW)

Another strong mover for the start of the week is the Temple & Webster share price, up 11.33% to $14.44.

The online furniture and homewares retailer provided its full year results for the 2021 financial year.

A robust performance led the company to achieving record revenue of $326.3 million, up 85% year-on-year. Net profit after tax more than doubled to $14 million, another record for Temple & Webster.

Management noted that the strong tailwinds have continued into FY22, with revenue up 49% for the first two months.

InvoCare Limited (ASX: IVC)

The InvoCare share price is storming high with an 8.59% gain to $12.14.

The funeral company posted a solid first-half result, highlighting growth across key metrics.

InvoCare turned around its fortunes to a reported profit after tax of $44 million. This is in comparison to a loss of $18 million in the H1 FY20 period.

The board declared an interim fully-franked dividend of 9.5 cents per share.

And which ASX 300 companies are heading the other way?

Dicker Data Ltd (ASX: DDR)

Deep in negative territory is the Dicker Data share price, down 12.53% to $12.85. With no news also out of the IT distributor today, the steep decline follows last Friday’s announcement.

The company reported its chair and CEO, David Dicker offloaded 1.6% of his holdings on an on-market trade. It appears the selling has pressed investors to take profit off the table. Dicker Data shares reached a record high of $16.60 on Thursday after reporting its FY21 interim results.

Altium Limited (ASX: ALU)

Also being weighed down by investors today is the Altium share price, down 10.31% to $31.22. The electronic design software company released its full-year results for FY21 with a mixed performance.

Nonetheless, the Altium board decided to lift its dividend to 40 cents for the full year, up 3% on FY20. The final dividend payment of 21 cents is scheduled for 28 September 2021.

The post Which ASX companies are starting off the week as the top movers in the ASX 300 today? appeared first on The Motley Fool Australia.

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More reading

Why Adore Beauty, Fortescue, InvoCare, & Temple & Webster are charging higher

Altium (ASX:ALU) share price down 12% after earnings report
ASX 200 midday update: Fortescue result and dividend impress, Altium sinks

Temple and Webster (ASX:TPW) share price jumps 13% as revenue soars
InvoCare (ASX:IVC) share price jumps 9% after reporting strong first half growth

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Altium, Dicker Data Limited, and Temple & Webster Group Ltd. The Motley Fool Australia owns shares of and has recommended Altium and Dicker Data Limited. The Motley Fool Australia has recommended InvoCare Limited and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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