Investors Still Aren’t Entirely Convinced By Fasadgruppen Group AB (publ)’s (STO:FG) Revenues Despite 34% Price Jump
Fasadgruppen Group AB (publ) (STO:FG) shareholders are no doubt pleased to see that the share price has bounced 34% in the last month, although it is still struggling to make up recently lost ground. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 61% share price drop in the last twelve months.
Although its price has surged higher, there still wouldn’t be many who think Fasadgruppen Group’s price-to-sales (or “P/S”) ratio of 0.3x is worth a mention when the median P/S in Sweden’s Construction industry is similar at about 0.5x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly…
