The E.W. Scripps Company (NASDAQ:SSP) Stock Catapults 32% Though Its Price And Business Still Lag The Industry
Those holding The E.W. Scripps Company (NASDAQ:SSP) shares would be relieved that the share price has rebounded 32% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Looking back a bit further, it’s encouraging to see the stock is up 49% in the last year.
Although its price has surged higher, E.W. Scripps’ price-to-sales (or “P/S”) ratio of 0.1x might still make it look like a buy right now compared to the Media industry in the United States, where around half of the companies have P/S ratios above 1.1x and even P/S above 4x are quite common. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
