Pro-Dex, Inc.’s (NASDAQ:PDEX) 39% Dip In Price Shows Sentiment Is Matching Earnings
The Pro-Dex, Inc. (NASDAQ:PDEX) share price has softened a substantial 39% over the previous 30 days, handing back much of the gains the stock has made lately. The good news is that in the last year, the stock has shone bright like a diamond, gaining 103%.
After such a large drop in price, given about half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 18x, you may consider Pro-Dex as an attractive investment with its 13.9x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
