Haoxin Holdings Limited (NASDAQ:HXHX) Stock Catapults 31% Though Its Price And Business Still Lag The Market
Haoxin Holdings Limited (NASDAQ:HXHX) shareholders are no doubt pleased to see that the share price has bounced 31% in the last month, although it is still struggling to make up recently lost ground. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
Even after such a large jump in price, given about half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 20x, you may still consider Haoxin Holdings as a highly attractive investment with its 2.2x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/E.
