Why Australian Pharmaceutical Industries’ Share Price has Tumbled

The Australian Pharmaceuticals Industries Ltd [ASX:API] share price took a severe hit today, down 10.71% to AU$1.69 at time of writing. The pharmacy chain’s share price fell to a two week low, with no news from the company regarding the fall at this stage.API is one of Australia’s leading pharmaceutical distributors and fastest growing health and beauty retailers with a market cap of $835.65 million.