Ecoeye Co., Ltd.’s (KOSDAQ:448280) 42% Price Boost Is Out Of Tune With Revenues
The Ecoeye Co., Ltd. (KOSDAQ:448280) share price has done very well over the last month, posting an excellent gain of 42%. Unfortunately, despite the strong performance over the last month, the full year gain of 4.5% isn’t as attractive.
Since its price has surged higher, you could be forgiven for thinking Ecoeye is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 11.1x, considering almost half the companies in Korea’s Commercial Services industry have P/S ratios below 1x. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
