CYMECHS Inc. (KOSDAQ:160980) Stock Catapults 25% Though Its Price And Business Still Lag The Market
CYMECHS Inc. (KOSDAQ:160980) shares have had a really impressive month, gaining 25% after a shaky period beforehand. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 41% over that time.
In spite of the firm bounce in price, given about half the companies in Korea have price-to-earnings ratios (or “P/E’s”) above 12x, you may still consider CYMECHS as an attractive investment with its 7.9x P/E ratio. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
With earnings growth that’s…
