DMOA Co., Ltd’s (KOSDAQ:016670) 26% Share Price Surge Not Quite Adding Up
DMOA Co., Ltd (KOSDAQ:016670) shares have continued their recent momentum with a 26% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 75%.
After such a large jump in price, when almost half of the companies in Korea’s Electronic industry have price-to-sales ratios (or “P/S”) below 0.8x, you may consider DMOA as a stock probably not worth researching with its 1.4x P/S ratio. However, the P/S might be high for a reason and it requires further investigation to determine if it’s justified.
