Logory Logistics Technology Co., Ltd.’s (HKG:2482) 31% Share Price Plunge Could Signal Some Risk
The Logory Logistics Technology Co., Ltd. (HKG:2482) share price has softened a substantial 31% over the previous 30 days, handing back much of the gains the stock has made lately. Looking at the bigger picture, even after this poor month the stock is up 51% in the last year.
Although its price has dipped substantially, you could still be forgiven for feeling indifferent about Logory Logistics Technology’s P/S ratio of 0.2x, since the median price-to-sales (or “P/S”) ratio for the Logistics industry in Hong Kong is about the same. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
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