Positive Sentiment Still Eludes Christie Group plc (LON:CTG) Following 28% Share Price Slump
Christie Group plc (LON:CTG) shares have retraced a considerable 28% in the last month, reversing a fair amount of their solid recent performance. Longer-term shareholders would now have taken a real hit with the stock declining 4.2% in the last year.
In spite of the heavy fall in price, it would still be understandable if you think Christie Group is a stock with good investment prospects with a price-to-sales ratios (or “P/S”) of 0.5x, considering almost half the companies in the United Kingdom’s Professional Services industry have P/S ratios above 1.1x. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
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