Revenues Working Against China Dredging Environment Protection Holdings Limited’s (HKG:871) Share Price Following 29% Dive
Unfortunately for some shareholders, the China Dredging Environment Protection Holdings Limited (HKG:871) share price has dived 29% in the last thirty days, prolonging recent pain. Longer-term, the stock has been solid despite a difficult 30 days, gaining 21% in the last year.
Following the heavy fall in price, when close to half the companies operating in Hong Kong’s Infrastructure industry have price-to-sales ratios (or “P/S”) above 1.4x, you may consider China Dredging Environment Protection Holdings as an enticing stock to check out with its 0.5x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
