Why Investors Shouldn’t Be Surprised By Tiptree Inc.’s (NASDAQ:TIPT) 31% Share Price Plunge
Tiptree Inc. (NASDAQ:TIPT) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 31% and undoing the prior period’s positive performance. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 11% in that time.
After such a large drop in price, given about half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 19x, you may consider Tiptree as an attractive investment with its 11.9x 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 limited.
