PS International Group Ltd.’s (NASDAQ:PSIG) 29% Price Boost Is Out Of Tune With Revenues
Those holding PS International Group Ltd. (NASDAQ:PSIG) shares would be relieved that the share price has rebounded 29% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 96% share price drop in the last twelve months.
Even after such a large jump in price, there still wouldn’t be many who think PS International Group’s price-to-sales (or “P/S”) ratio of 0.1x is worth a mention when the median P/S in the United States’ Logistics industry is similar at about 0.6x. While this might not raise any eyebrows, if the P/S ratio is not justified investors…
