LB Semicon Inc.’s (KOSDAQ:061970) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
Despite an already strong run, LB Semicon Inc. (KOSDAQ:061970) shares have been powering on, with a gain of 28% in the last thirty days. Looking further back, the 21% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
Although its price has surged higher, LB Semicon may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.6x, since almost half of all companies in the Semiconductor industry in Korea have P/S ratios greater than 1.6x and even P/S higher than 4x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
