There’s Reason For Concern Over WOORIM POWER TRAIN SOLUTION Co., Ltd.’s (KOSDAQ:101170) Massive 38% Price Jump
Despite an already strong run, WOORIM POWER TRAIN SOLUTION Co., Ltd. (KOSDAQ:101170) shares have been powering on, with a gain of 38% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 40% in the last year.
Since its price has surged higher, when almost half of the companies in Korea’s Machinery industry have price-to-sales ratios (or “P/S”) below 1.2x, you may consider WOORIM POWER TRAIN SOLUTION as a stock probably not worth researching with its 1.9x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
