Korea Engineering Consultants Corp. (KRX:023350) Stock Catapults 25% Though Its Price And Business Still Lag The Market
The Korea Engineering Consultants Corp. (KRX:023350) share price has done very well over the last month, posting an excellent gain of 25%. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
Although its price has surged higher, Korea Engineering Consultants’ price-to-earnings (or “P/E”) ratio of 5.3x might still make it look like a strong buy right now compared to the market in Korea, where around half of the companies have P/E ratios above 11x and even P/E’s above 22x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/E.
Recent times have been quite…
