What Q Technology (Group) Company Limited’s (HKG:1478) 36% Share Price Gain Is Not Telling You
Q Technology (Group) Company Limited (HKG:1478) shares have continued their recent momentum with a 36% gain in the last month alone. Looking back a bit further, it’s encouraging to see the stock is up 99% in the last year.
Although its price has surged higher, it’s still not a stretch to say that Q Technology (Group)’s price-to-sales (or “P/S”) ratio of 0.5x right now seems quite “middle-of-the-road” compared to the Electronic industry in Hong Kong, where the median P/S ratio is around 0.4x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
Check out our latest analysis for Q Technology (Group)
