CCSC Technology International Holdings Limited’s (NASDAQ:CCTG) Price Is Right But Growth Is Lacking After Shares Rocket 26%
CCSC Technology International Holdings Limited (NASDAQ:CCTG) shares have continued their recent momentum with a 26% gain in the last month alone. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 19% in the last twelve months.
Even after such a large jump in price, CCSC Technology International Holdings may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.9x, since almost half of all companies in the Electronic industry in the United States have P/S ratios greater than 2.4x and even P/S higher than 6x 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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