Market Might Still Lack Some Conviction On Polygiene Group AB (STO:POLYG) Even After 26% Share Price Boost
Those holding Polygiene Group AB (STO:POLYG) shares would be relieved that the share price has rebounded 26% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Looking back a bit further, it’s encouraging to see the stock is up 32% in the last year.
In spite of the firm bounce in price, it’s still not a stretch to say that Polygiene Group’s price-to-sales (or “P/S”) ratio of 2.7x right now seems quite “middle-of-the-road” compared to the Chemicals industry in Sweden, where the median P/S ratio is around 2.4x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming…
