Iljeong Industrial Co.,Ltd (KRX:008500) Stock Catapults 29% Though Its Price And Business Still Lag The Market
Iljeong Industrial Co.,Ltd (KRX:008500) shareholders would be excited to see that the share price has had a great month, posting a 29% gain and recovering from prior weakness. Looking further back, the 11% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
Although its price has surged higher, Iljeong IndustrialLtd may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 10.4x, since almost half of all companies in Korea have P/E ratios greater than 16x and even P/E’s higher than 35x 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 limited.
