PNE PCB Berhad (KLSE:PNEPCB) Stock Catapults 33% Though Its Price And Business Still Lag The Industry
PNE PCB Berhad (KLSE:PNEPCB) shareholders are no doubt pleased to see that the share price has bounced 33% in the last month, although it is still struggling to make up recently lost ground. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 27% in the last twelve months.
Although its price has surged higher, considering around half the companies operating in Malaysia’s Electronic industry have price-to-sales ratios (or “P/S”) above 0.9x, you may still consider PNE PCB Berhad as an solid investment opportunity with its 0.4x P/S ratio. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
