Lacklustre Performance Is Driving Asahi Songwon Colors Limited’s (NSE:ASAHISONG) 27% Price Drop
Explore Asahi Songwon Colors’s Fair Values from the Community and select yours
Asahi Songwon Colors Limited (NSE:ASAHISONG) shares have had a horrible month, losing 27% after a relatively good period beforehand. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 39% in that time.
After such a large drop in price, Asahi Songwon Colors may be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 21.5x, since almost half of all companies in India have P/E ratios greater than 30x and even P/E’s higher than 57x are not unusual. However, the P/E might be low for a reason and it requires further investigation…
