Choil Aluminum Co., Ltd. (KRX:018470) Looks Just Right With A 27% Price Jump
Choil Aluminum Co., Ltd. (KRX:018470) shares have had a really impressive month, gaining 27% after a shaky period beforehand. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 25% in the last twelve months.
Although its price has surged higher, you could still be forgiven for feeling indifferent about Choil Aluminum’s P/S ratio of 0.4x, since the median price-to-sales (or “P/S”) ratio for the Metals and Mining industry in Korea is also close to 0.3x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
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