Tredegar Corporation’s (NYSE:TG) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
Tredegar Corporation (NYSE:TG) shareholders would be excited to see that the share price has had a great month, posting a 25% gain and recovering from prior weakness. The last 30 days bring the annual gain to a very sharp 29%.
In spite of the firm bounce in price, Tredegar’s price-to-sales (or “P/S”) ratio of 0.5x might still make it look like a buy right now compared to the Metals and Mining industry in the United States, where around half of the companies have P/S ratios above 1.7x and even P/S above 7x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
Our free stock report includes 2 warning signs investors should be aware of before investing in…
