Huons Global Co., Ltd.’s (KOSDAQ:084110) 30% Share Price Surge Not Quite Adding Up
The Huons Global Co., Ltd. (KOSDAQ:084110) share price has done very well over the last month, posting an excellent gain of 30%. Looking back a bit further, it’s encouraging to see the stock is up 54% in the last year.
After such a large jump in price, Huons Global may be sending very bearish signals at the moment with a price-to-earnings (or “P/E”) ratio of 43.9x, since almost half of all companies in Korea have P/E ratios under 14x and even P/E’s lower than 7x are not unusual. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
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