Janison Education Group Limited (ASX:JAN) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
Janison Education Group Limited (ASX:JAN) shareholders have had their patience rewarded with a 26% share price jump in the last month. But the gains over the last month weren’t enough to make shareholders whole, as the share price is still down 9.4% in the last twelve months.
Although its price has surged higher, Janison Education Group may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 1.4x, considering almost half of all companies in the Software industry in Australia have P/S ratios greater than 3x and even P/S higher than 8x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
