RENK Group AG’s (FRA:R3NK) P/S Is Still On The Mark Following 39% Share Price Bounce
Despite an already strong run, RENK Group AG (FRA:R3NK) shares have been powering on, with a gain of 39% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 93% in the last year.
After such a large jump in price, you could be forgiven for thinking RENK Group is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 4.8x, considering almost half the companies in Germany’s Machinery industry have P/S ratios below 0.6x. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
We’ve discovered 2 warning signs about RENK Group. View them for free.
Check out our latest analysis for RENK Group
