Bubs Australia Limited (ASX:BUB) Looks Just Right With A 33% Price Jump
Bubs Australia Limited (ASX:BUB) shareholders have had their patience rewarded with a 33% share price jump in the last month. Taking a wider view, although not as strong as the last month, the full year gain of 14% is also fairly reasonable.
After such a large jump in price, you could be forgiven for thinking Bubs Australia is a stock not worth researching with a price-to-sales ratios (or “P/S”) of 1.6x, considering almost half the companies in Australia’s Food industry have P/S ratios below 0.8x. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
