ASFLOW Co., LTD. (KOSDAQ:159010) Stock Catapults 27% Though Its Price And Business Still Lag The Industry
ASFLOW Co., LTD. (KOSDAQ:159010) 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 40% in the last twelve months.
Even after such a large jump in price, ASFLOW may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.8x, since almost half of all companies in the Semiconductor industry in Korea have P/S ratios greater than 1.7x and even P/S higher than 4x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
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