The Price Is Right For Findi Limited (ASX:FND) Even After Diving 28%
Findi Limited (ASX:FND) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 28% and undoing the prior period’s positive performance. Regardless, last month’s decline is barely a blip on the stock’s price chart as it has gained a monstrous 317% in the last year.
Although its price has dipped substantially, given close to half the companies operating in Australia’s Diversified Financial industry have price-to-sales ratios (or “P/S”) below 1.7x, you may still consider Findi as a stock to potentially avoid with its 2.8x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s as high as it is.
Check out our latest analysis for Findi
