RaySearch Laboratories AB (publ)’s (STO:RAY B) 43% Price Boost Is Out Of Tune With Earnings
RaySearch Laboratories AB (publ) (STO:RAY B) shareholders would be excited to see that the share price has had a great month, posting a 43% gain and recovering from prior weakness. The last month tops off a massive increase of 133% in the last year.
Since its price has surged higher, RaySearch Laboratories’ price-to-earnings (or “P/E”) ratio of 50.5x might make it look like a strong sell right now compared to the market in Sweden, where around half of the companies have P/E ratios below 22x and even P/E’s below 14x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
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