Phoenitron Holdings Limited’s (HKG:8066) 26% Share Price Plunge Could Signal Some Risk
To the annoyance of some shareholders, Phoenitron Holdings Limited (HKG:8066) shares are down a considerable 26% in the last month, which continues a horrid run for the company. Of course, over the longer-term many would still wish they owned shares as the stock’s price has soared 227% in the last twelve months.
Although its price has dipped substantially, there still wouldn’t be many who think Phoenitron Holdings’ price-to-sales (or “P/S”) ratio of 1.8x is worth a mention when the median P/S in Hong Kong’s Tech industry is similar at about 1.4x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
