Candles Scandinavia AB (publ)’s (STO:CANDLE B) 43% Share Price Surge Not Quite Adding Up
Candles Scandinavia AB (publ) (STO:CANDLE B) shares have continued their recent momentum with a 43% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 77%.
Following the firm bounce in price, you could be forgiven for thinking Candles Scandinavia is a stock not worth researching with a price-to-sales ratios (or “P/S”) of 2x, considering almost half the companies in Sweden’s Consumer Durables industry have P/S ratios below 0.6x. However, the P/S might be high for a reason and it requires further investigation to determine if it’s justified.
