Park-Ohio Holdings Corp. (NASDAQ:PKOH) Stock Catapults 25% Though Its Price And Business Still Lag The Market
Park-Ohio Holdings Corp. (NASDAQ:PKOH) shares have had a really impressive month, gaining 25% after a shaky period beforehand. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 27% in the last twelve months.
In spite of the firm bounce in price, Park-Ohio Holdings may still be sending very bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 7.7x, since almost half of all companies in the United States have P/E ratios greater than 20x and even P/E’s higher than 35x 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.
