Ace Technologies Corp.’s (KOSDAQ:088800) 31% Share Price Surge Not Quite Adding Up
The Ace Technologies Corp. (KOSDAQ:088800) share price has done very well over the last month, posting an excellent gain of 31%. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 39% over that time.
Although its price has surged higher, you could still be forgiven for feeling indifferent about Ace Technologies’ P/S ratio of 1.2x, since the median price-to-sales (or “P/S”) ratio for the Communications industry in Korea is also close to 1x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
Trump has pledged to “unleash” American oil and gas and these 15 US stocks have developments that…
