ARB Berhad (KLSE:ARBB) Stock Catapults 33% Though Its Price And Business Still Lag The Industry
ARB Berhad (KLSE:ARBB) shareholders are no doubt pleased to see that the share price has bounced 33% in the last month, although it is still struggling to make up recently lost ground. But the last month did very little to improve the 58% share price decline over the last year.
Even after such a large jump in price, ARB Berhad may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.2x, since almost half of all companies in the IT industry in Malaysia have P/S ratios greater than 1.7x and even P/S higher than 4x are not unusual. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
Check out our latest analysis for ARB Berhad
