Further Upside For Effi Capital Nadlan Ltd (TLV:EFCP) Shares Could Introduce Price Risks After 28% Bounce
Effi Capital Nadlan Ltd (TLV:EFCP) shares have had a really impressive month, gaining 28% after a shaky period beforehand. The last 30 days bring the annual gain to a very sharp 62%.
In spite of the firm bounce in price, Effi Capital Nadlan may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 1.9x, considering almost half of all companies in the Real Estate industry in Israel have P/S ratios greater than 3.8x and even P/S higher than 8x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
