Lacklustre Performance Is Driving POSaBIT Systems Corporation’s (CSE:PBIT) 26% Price Drop
Unfortunately for some shareholders, the POSaBIT Systems Corporation (CSE:PBIT) share price has dived 26% in the last thirty days, prolonging recent pain. For any long-term shareholders, the last month ends a year to forget by locking in a 69% share price decline.
Following the heavy fall in price, given close to half the companies in Canada’s Diversified Financial industry have price-to-sales ratios (or “P/S”) above 5.1x, you may consider POSaBIT Systems as a highly attractive investment with its 0.6x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
View our latest analysis for POSaBIT Systems
