Compass Diversified (NYSE:CODI) Stock Catapults 28% Though Its Price And Business Still Lag The Industry
Compass Diversified (NYSE:CODI) shareholders have had their patience rewarded with a 28% share price jump in the last month. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 66% share price drop in the last twelve months.
Although its price has surged higher, Compass Diversified may still look like a strong buying opportunity at present with its price-to-sales (or “P/S”) ratio of 0.3x, considering almost half of all companies in the Diversified Financial industry in the United States have P/S ratios greater than 2.5x and even P/S higher than 5x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for…
