Precomp Solutions AB (publ)’s (STO:PCOM B) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Those holding Precomp Solutions AB (publ) (STO:PCOM B) shares would be relieved that the share price has rebounded 27% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Looking back a bit further, it’s encouraging to see the stock is up 45% in the last year.
Although its price has surged higher, Precomp Solutions may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.1x, considering almost half of all companies in the Machinery industry in Sweden have P/S ratios greater than 1.5x and even P/S higher than 4x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for…
