Austco Healthcare Limited’s (ASX:AHC) Share Price Boosted 31% But Its Business Prospects Need A Lift Too
Despite an already strong run, Austco Healthcare Limited (ASX:AHC) shares have been powering on, with a gain of 31% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 77% in the last year.
Although its price has surged higher, given about half the companies in Australia have price-to-earnings ratios (or “P/E’s”) above 19x, you may still consider Austco Healthcare as an attractive investment with its 15.7x P/E ratio. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
