Famous Tech International Holdings Limited’s (HKG:8100) Price Is Right But Growth Is Lacking After Shares Rocket 30%
Famous Tech International Holdings Limited (HKG:8100) shares have continued their recent momentum with a 30% gain in the last month alone. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 14% in the last twelve months.
In spite of the firm bounce in price, Famous Tech International Holdings may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.9x, considering almost half of all companies in the Software industry in Hong Kong have P/S ratios greater than 1.8x and even P/S higher than 5x aren’t out of the ordinary. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
