GHT Co.,Ltd’s (SZSE:300711) 31% Share Price Surge Not Quite Adding Up
GHT Co.,Ltd (SZSE:300711) shares have continued their recent momentum with a 31% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 81%.
Since its price has surged higher, GHTLtd may be sending very bearish signals at the moment with a price-to-sales (or “P/S”) ratio of 13.3x, since almost half of all companies in the Communications industry in China have P/S ratios under 5.6x and even P/S lower than 2x are not unusual. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
Check out our latest analysis for GHTLtd
How Has GHTLtd Performed Recently?
GHTLtd has been…