Nuchev Limited (ASX:NUC) Looks Just Right With A 28% Price Jump
Nuchev Limited (ASX:NUC) shares have continued their recent momentum with a 28% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 48%.
After such a large jump in price, when almost half of the companies in Australia’s Food industry have price-to-sales ratios (or “P/S”) below 0.7x, you may consider Nuchev as a stock probably not worth researching with its 2.1x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s as high as it is.
Our free stock report includes 5 warning signs investors should be aware of before investing in Nuchev. Read for free now.
Check out our latest analysis for Nuchev
