Lacklustre Performance Is Driving UTime Limited’s (NASDAQ:WTO) 44% Price Drop
Unfortunately for some shareholders, the UTime Limited (NASDAQ:WTO) share price has dived 44% in the last thirty days, prolonging recent pain. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 99% loss during that time.
Since its price has dipped substantially, UTime may look like a strong buying opportunity at present with its price-to-sales (or “P/S”) ratio of 0.1x, considering almost half of all companies in the Electronic industry in the United States have P/S ratios greater than 2.2x and even P/S higher than 5x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
