GOLFZON NEWDIN HOLDINGS Co., Ltd.’s (KOSDAQ:121440) Share Price Boosted 29% But Its Business Prospects Need A Lift Too
GOLFZON NEWDIN HOLDINGS Co., Ltd. (KOSDAQ:121440) shareholders have had their patience rewarded with a 29% share price jump in the last month. Looking further back, the 19% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
Although its price has surged higher, GOLFZON NEWDIN HOLDINGS may still be sending very bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 4.1x, since almost half of all companies in Korea have P/E ratios greater than 12x and even P/E’s higher than 24x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so limited.
