A Piece Of The Puzzle Missing From Gratifii Limited’s (ASX:GTI) 32% Share Price Climb
Those holding Gratifii Limited (ASX:GTI) 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. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 27% in the last twelve months.
In spite of the firm bounce in price, Gratifii may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.9x, since almost half of all companies in the Software industry in Australia have P/S ratios greater than 3.2x and even P/S higher than 8x are not unusual. Although, it’s not wise to just take the P/S at face value as there may be…
