HASS Corp.’s (KOSDAQ:450330) 34% Share Price Surge Not Quite Adding Up
The HASS Corp. (KOSDAQ:450330) share price has done very well over the last month, posting an excellent gain of 34%. While recent buyers may be laughing, long-term holders might not be as pleased since the recent gain only brings the stock back to where it started a year ago.
After such a large jump in price, HASS’ price-to-earnings (or “P/E”) ratio of 44x might make it look like a strong sell right now compared to the market in Korea, where around half of the companies have P/E ratios below 11x and even P/E’s below 6x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
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