Handson Global Management (HGM) Limited (NSE:HOVS) Stock Catapults 28% Though Its Price And Business Still Lag The Market
Handson Global Management (HGM) Limited (NSE:HOVS) shareholders would be excited to see that the share price has had a great month, posting a 28% gain and recovering from prior weakness. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 12% over that time.
In spite of the firm bounce in price, Handson Global Management (HGM)’s price-to-earnings (or “P/E”) ratio of 18.1x might still make it look like a buy right now compared to the market in India, where around half of the companies have P/E ratios above 28x and even P/E’s above 54x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
