Earnings Working Against Harboes Bryggeri A/S’ (CPH:HARB B) Share Price Following 26% Dive
The Harboes Bryggeri A/S (CPH:HARB B) share price has softened a substantial 26% over the previous 30 days, handing back much of the gains the stock has made lately. Looking at the bigger picture, even after this poor month the stock is up 56% in the last year.
Since its price has dipped substantially, given about half the companies in Denmark have price-to-earnings ratios (or “P/E’s”) above 14x, you may consider Harboes Bryggeri as an attractive investment with its 11.5x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
With earnings growth…
