What Envirologic AB (publ)’s (NGM:ENVI B) 29% Share Price Gain Is Not Telling You
Despite an already strong run, Envirologic AB (publ) (NGM:ENVI B) shares have been powering on, with a gain of 29% in the last thirty days. The last 30 days bring the annual gain to a very sharp 50%.
Since its price has surged higher, Envirologic’s price-to-earnings (or “P/E”) ratio of 26.1x might make it look like a sell right now compared to the market in Sweden, where around half of the companies have P/E ratios below 21x and even P/E’s below 13x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s as high as it is.
We’ve discovered 2 warning signs about Envirologic. View them for free.
Envirologic has been doing a good job lately as it’s been growing…
