Met.Extra Group S.p.A.’s (BIT:MET) Share Price Boosted 35% But Its Business Prospects Need A Lift Too
The Met.Extra Group S.p.A. (BIT:MET) share price has done very well over the last month, posting an excellent gain of 35%. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 12% in the last twelve months.
Even after such a large jump in price, Met.Extra Group may still be sending very bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 4.2x, since almost half of all companies in Italy have P/E ratios greater than 18x and even P/E’s higher than 30x are not unusual. However, the P/E might be quite low for a reason and it requires further investigation to determine if it’s justified.
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