Revenues Working Against Kingwisoft Technology Group Company Limited’s (HKG:8295) Share Price Following 26% Dive
To the annoyance of some shareholders, Kingwisoft Technology Group Company Limited (HKG:8295) shares are down a considerable 26% in the last month, which continues a horrid run for the company. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 45% share price drop.
Following the heavy fall in price, Kingwisoft Technology Group’s price-to-sales (or “P/S”) ratio of 0.1x might make it look like a strong buy right now compared to the wider Capital Markets industry in Hong Kong, where around half of the companies have P/S ratios above 4.4x and even P/S above 13x are quite common. However, the P/S might be quite low for a reason and it requires further investigation to…
