Further Upside For Arribatec Group ASA (OB:ARR) Shares Could Introduce Price Risks After 29% Bounce
The Arribatec Group ASA (OB:ARR) share price has done very well over the last month, posting an excellent gain of 29%. But the last month did very little to improve the 75% share price decline over the last year.
Although its price has surged higher, it’s still not a stretch to say that Arribatec Group’s price-to-sales (or “P/S”) ratio of 0.5x right now seems quite “middle-of-the-road” compared to the IT industry in Norway, where the median P/S ratio is around 0.7x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
