There’s Reason For Concern Over Performance Technologies S.A.’s (ATH:PERF) Massive 26% Price Jump
The Performance Technologies S.A. (ATH:PERF) share price has done very well over the last month, posting an excellent gain of 26%. Taking a wider view, although not as strong as the last month, the full year gain of 21% is also fairly reasonable.
After such a large jump in price, given around half the companies in Greece have price-to-earnings ratios (or “P/E’s”) below 15x, you may consider Performance Technologies as a stock to potentially avoid with its 17.8x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
Recent times have been…
