Patria Investments Limited’s (NASDAQ:PAX) Share Price Not Quite Adding Up
When close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 19x, you may consider Patria Investments Limited (NASDAQ:PAX) as a stock to potentially avoid with its 28.9x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s as high as it is.
Patria Investments hasn’t been tracking well recently as its declining earnings compare poorly to other companies, which have seen some growth on average. It might be that many expect the…
