Hansol IONES Co.,Ltd.’s (KOSDAQ:114810) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Hansol IONES Co.,Ltd. (KOSDAQ:114810) shares have had a really impressive month, gaining 27% after a shaky period beforehand. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 23% in the last twelve months.
Even after such a large jump in price, given about half the companies in Korea have price-to-earnings ratios (or “P/E’s”) above 13x, you may still consider Hansol IONESLtd as an attractive investment with its 7.9x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
Recent times have been…
