A Piece Of The Puzzle Missing From Rectifier Technologies Ltd’s (ASX:RFT) 33% Share Price Climb
Those holding Rectifier Technologies Ltd (ASX:RFT) shares would be relieved that the share price has rebounded 33% 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.
Even after such a large jump in price, Rectifier Technologies’ price-to-sales (or “P/S”) ratio of 0.4x might still make it look like a buy right now compared to the Electrical industry in Australia, where around half of the companies have P/S ratios above 1.4x and even P/S above 297x are quite common. Nonetheless, we’d need to dig a little deeper to determine if…
