Tsugami Corporation (TSE:6101) Stock Catapults 25% Though Its Price And Business Still Lag The Market
Tsugami Corporation (TSE:6101) shares have had a really impressive month, gaining 25% after a shaky period beforehand. Looking further back, the 25% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
Although its price has surged higher, Tsugami’s price-to-earnings (or “P/E”) ratio of 9x might still make it look like a buy right now compared to the market in Japan, where around half of the companies have P/E ratios above 14x and even P/E’s above 21x are quite common. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
