Cooper-Standard Holdings Inc.’s (NYSE:CPS) Share Price Boosted 41% But Its Business Prospects Need A Lift Too
Despite an already strong run, Cooper-Standard Holdings Inc. (NYSE:CPS) shares have been powering on, with a gain of 41% in the last thirty days. The annual gain comes to 109% following the latest surge, making investors sit up and take notice.
Although its price has surged higher, Cooper-Standard Holdings’ price-to-sales (or “P/S”) ratio of 0.2x might still make it look like a buy right now compared to the Auto Components industry in the United States, where around half of the companies have P/S ratios above 0.8x and even P/S above 3x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
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