Market Might Still Lack Some Conviction On Crosstec Group Holdings Limited (HKG:3893) Even After 45% Share Price Boost
Those holding Crosstec Group Holdings Limited (HKG:3893) shares would be relieved that the share price has rebounded 45% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. But the last month did very little to improve the 78% share price decline over the last year.
Although its price has surged higher, when close to half the companies operating in Hong Kong’s Consumer Services industry have price-to-sales ratios (or “P/S”) above 1.1x, you may still consider Crosstec Group Holdings as an enticing stock to check out with its 0.4x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
