NEXTIN, Inc.’s (KOSDAQ:348210) P/E Is Still On The Mark Following 26% Share Price Bounce
NEXTIN, Inc. (KOSDAQ:348210) shareholders would be excited to see that the share price has had a great month, posting a 26% gain and recovering from prior weakness. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
Following the firm bounce in price, NEXTIN may be sending bearish signals at the moment with its price-to-earnings (or “P/E”) ratio of 22.2x, since almost half of all companies in Korea have P/E ratios under 14x and even P/E’s lower than 7x are not unusual. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified.
