Revenues Working Against Aker Horizons ASA’s (OB:AKH) Share Price Following 28% Dive
The Aker Horizons ASA (OB:AKH) share price has fared very poorly over the last month, falling by a substantial 28%. For any long-term shareholders, the last month ends a year to forget by locking in a 61% share price decline.
Since its price has dipped substantially, Aker Horizons’ price-to-sales (or “P/S”) ratio of 0.3x might make it look like a strong buy right now compared to the wider Commercial Services industry in Norway, where around half of the companies have P/S ratios above 9.2x and even P/S above 163x are quite common. However, the P/S might be quite low for a reason and it requires further investigation to determine if it’s justified.
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