China In-Tech Limited’s (HKG:464) 29% Share Price Plunge Could Signal Some Risk
China In-Tech Limited (HKG:464) shares have retraced a considerable 29% in the last month, reversing a fair amount of their solid recent performance. Regardless, last month’s decline is barely a blip on the stock’s price chart as it has gained a monstrous 337% in the last year.
In spite of the heavy fall in price, when almost half of the companies in Hong Kong’s Consumer Durables industry have price-to-sales ratios (or “P/S”) below 0.7x, you may still consider China In-Tech as a stock not worth researching with its 6.3x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
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