Further Upside For Arabian Contracting Services Company (TADAWUL:4071) Shares Could Introduce Price Risks After 27% Bounce
Arabian Contracting Services Company (TADAWUL:4071) shareholders are no doubt pleased to see that the share price has bounced 27% in the last month, although it is still struggling to make up recently lost ground. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 38% over that time.
Although its price has surged higher, you could still be forgiven for feeling indifferent about Arabian Contracting Services’ P/S ratio of 3.2x, since the median price-to-sales (or “P/S”) ratio for the Media industry in Saudi Arabia is also close to 2.7x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a…
