might be caused by the very weak market but the stock already has been on the defensive since releasing weakening sales figures for September two weeks ago. Stock has retreated by 35% from recent 52-week-highs which might attract some speculative investors to scale in.
Due to the weaker sales trends recently I would remain on the sidelines until October figures will be released.
The game changer for the stock will be the refinancing of the high coupon debt which is currently eating up most of the company's cash flow. If they manage do get good conditions the stock might move back up again - even without the support of double digit sales increases.