Benign Growth For Vestis Corporation (NYSE:VSTS) Underpins Its Share Price
With a price-to-sales (or “P/S”) ratio of 0.7x Vestis Corporation (NYSE:VSTS) may be sending bullish signals at the moment, given that almost half of all the Commercial Services companies in the United States have P/S ratios greater than 1.3x and even P/S higher than 4x are not unusual. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
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What Does Vestis’ P/S Mean For Shareholders?
Vestis could be doing better as its revenue has been going backwards lately while most other companies have been seeing positive revenue growth. The P/S ratio is probably low because investors…
