CLPS Incorporation’s (NASDAQ:CLPS) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
CLPS Incorporation (NASDAQ:CLPS) shareholders have had their patience rewarded with a 28% share price jump in the last month. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 14% in the last twelve months.
Even after such a large jump in price, CLPS Incorporation may still look like a strong buying opportunity at present with its price-to-sales (or “P/S”) ratio of 0.2x, considering almost half of all companies in the IT industry in the United States have P/S ratios greater than 2.3x and even P/S higher than 12x aren’t out of the ordinary. However, the P/S might be quite low for a reason and it requires further investigation to determine if it’s justified.
