Digital Value S.p.A.’s (BIT:DGV) Price Is Right But Growth Is Lacking After Shares Rocket 53%
Digital Value S.p.A. (BIT:DGV) shareholders would be excited to see that the share price has had a great month, posting a 53% gain and recovering from prior weakness. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 63% share price drop in the last twelve months.
Although its price has surged higher, Digital Value may still be sending very bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 7x, since almost half of all companies in Italy have P/E ratios greater than 16x and even P/E’s higher than 27x are not unusual. However, the P/E might be quite low for a reason and it requires further investigation to determine if it’s justified.
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