Positive Sentiment Still Eludes DocMorris AG (VTX:DOCM) Following 33% Share Price Slump
To the annoyance of some shareholders, DocMorris AG (VTX:DOCM) shares are down a considerable 33% in the last month, which continues a horrid run for the company. For any long-term shareholders, the last month ends a year to forget by locking in a 88% share price decline.
Even after such a large drop in price, you could still be forgiven for feeling indifferent about DocMorris’ P/S ratio of 0.3x, since the median price-to-sales (or “P/S”) ratio for the Consumer Retailing industry in Switzerland is also close to 0.4x. 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.
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