Coherent Corp.’s (NYSE:COHR) 26% Share Price Surge Not Quite Adding Up
Coherent Corp. (NYSE:COHR) shares have continued their recent momentum with a 26% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 25%.
Even after such a large jump in price, there still wouldn’t be many who think Coherent’s price-to-sales (or “P/S”) ratio of 2.9x is worth a mention when the median P/S in the United States’ Electronic industry is similar at about 2.4x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
See our latest analysis for Coherent
