C2C Advanced Systems Limited’s (NSE:C2C) 26% Share Price Plunge Could Signal Some Risk
C2C Advanced Systems Limited (NSE:C2C) shares have had a horrible month, losing 26% after a relatively good period beforehand. To make matters worse, the recent drop has wiped out a year’s worth of gains with the share price now back where it started a year ago.
Although its price has dipped substantially, given around half the companies in India have price-to-earnings ratios (or “P/E’s”) below 27x, you may still consider C2C Advanced Systems as a stock to potentially avoid with its 33.9x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s as high as it is.
