DB HiTek CO., LTD. (KRX:000990) Stock Catapults 29% Though Its Price And Business Still Lag The Market
DB HiTek CO., LTD. (KRX:000990) shareholders would be excited to see that the share price has had a great month, posting a 29% gain and recovering from prior weakness. The last 30 days bring the annual gain to a very sharp 55%.
In spite of the firm bounce in price, DB HiTek may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 10.2x, since almost half of all companies in Korea have P/E ratios greater than 16x and even P/E’s higher than 35x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
