Teradyne, Inc. (NASDAQ:TER) Stock Rockets 27% As Investors Are Less Pessimistic Than Expected
Teradyne, Inc. (NASDAQ:TER) shares have continued their recent momentum with a 27% gain in the last month alone. The last month tops off a massive increase of 105% in the last year.
Since its price has surged higher, Teradyne may be sending very bearish signals at the moment with a price-to-sales (or “P/S”) ratio of 13.7x, since almost half of all companies in the Semiconductor industry in the United States have P/S ratios under 5.7x and even P/S lower than 2x are not unusual. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
