What Coherent Corp.’s (NYSE:COHR) 40% Share Price Gain Is Not Telling You
Coherent Corp. (NYSE:COHR) shareholders have had their patience rewarded with a 40% share price jump in the last month. The last 30 days bring the annual gain to a very sharp 46%.
After such a large jump in price, when almost half of the companies in the United States’ Electronic industry have price-to-sales ratios (or “P/S”) below 2.6x, you may consider Coherent as a stock probably not worth researching with its 4.1x P/S ratio. However, the P/S might be high for a reason and it requires further investigation to determine if it’s justified.
