MOONBAT Co.,Ltd.’s (TSE:8115) Price Is Right But Growth Is Lacking After Shares Rocket 25%
Despite an already strong run, MOONBAT Co.,Ltd. (TSE:8115) shares have been powering on, with a gain of 25% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 31% in the last year.
Although its price has surged higher, given about half the companies in Japan have price-to-earnings ratios (or “P/E’s”) above 14x, you may still consider MOONBATLtd as an attractive investment with its 9.8x P/E ratio. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
