Deswell Industries, Inc.’s (NASDAQ:DSWL) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
Despite an already strong run, Deswell Industries, Inc. (NASDAQ:DSWL) shares have been powering on, with a gain of 25% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 57% in the last year.
Although its price has surged higher, Deswell Industries may still be sending very bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 5.5x, since almost half of all companies in the United States have P/E ratios greater than 20x and even P/E’s higher than 34x 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 so limited.
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