Immsi S.p.A.’s (BIT:IMS) 27% Price Boost Is Out Of Tune With Revenues
Immsi S.p.A. (BIT:IMS) shareholders have had their patience rewarded with a 27% share price jump in the last month. Looking further back, the 17% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
Although its price has surged higher, there still wouldn’t be many who think Immsi’s price-to-sales (or “P/S”) ratio of 0.1x is worth a mention when the median P/S in Italy’s Auto industry is similar at about 0.3x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
