Methode Electronics, Inc.’s (NYSE:MEI) Share Price Boosted 32% But Its Business Prospects Need A Lift Too
Those holding Methode Electronics, Inc. (NYSE:MEI) shares would be relieved that the share price has rebounded 32% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 39% in the last twelve months.
In spite of the firm bounce in price, Methode Electronics’ price-to-sales (or “P/S”) ratio of 0.2x might still make it look like a buy right now compared to the Electronic industry in the United States, where around half of the companies have P/S ratios above 2.1x and even P/S above 5x are quite common. Although, it’s not wise to just take the P/S at face value as…
