A Piece Of The Puzzle Missing From Carclo plc’s (LON:CAR) 26% Share Price Climb
Carclo plc (LON:CAR) shares have continued their recent momentum with a 26% gain in the last month alone. Looking back a bit further, it’s encouraging to see the stock is up 61% in the last year.
In spite of the firm bounce in price, Carclo’s price-to-sales (or “P/S”) ratio of 0.4x might still make it look like a buy right now compared to the Chemicals industry in the United Kingdom, where around half of the companies have P/S ratios above 1.7x and even P/S above 4x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
