Metacon AB (publ) (STO:META) Looks Just Right With A 25% Price Jump
Metacon AB (publ) (STO:META) shares have continued their recent momentum with a 25% gain in the last month alone. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 30% in the last twelve months.
Following the firm bounce in price, given close to half the companies operating in Sweden’s Electrical industry have price-to-sales ratios (or “P/S”) below 1.9x, you may consider Metacon as a stock to potentially avoid with its 3.5x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
