Further Upside For DK Tech CO., LTD (KOSDAQ:290550) Shares Could Introduce Price Risks After 26% Bounce
DK Tech CO., LTD (KOSDAQ:290550) shareholders have had their patience rewarded with a 26% share price jump in the last month. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 29% over that time.
In spite of the firm bounce in price, DK Tech’s price-to-earnings (or “P/E”) ratio of 8.4x might still make it look like a buy right now compared to the market in Korea, where around half of the companies have P/E ratios above 15x and even P/E’s above 32x are quite common. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
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