Market Might Still Lack Some Conviction On technotrans SE (ETR:TTR1) Even After 29% Share Price Boost
technotrans SE (ETR:TTR1) shareholders would be excited to see that the share price has had a great month, posting a 29% gain and recovering from prior weakness. The bad news is that even after the stocks recovery in the last 30 days, shareholders are still underwater by about 7.0% over the last year.
Even after such a large jump in price, it’s still not a stretch to say that technotrans’ price-to-earnings (or “P/E”) ratio of 18.9x right now seems quite “middle-of-the-road” compared to the market in Germany, where the median P/E ratio is around 19x. While this might not raise any eyebrows, if the P/E ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
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