Sam-A Aluminium Company, Limited’s (KRX:006110) 29% Price Boost Is Out Of Tune With Revenues
Those holding Sam-A Aluminium Company, Limited (KRX:006110) 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 58% share price drop in the last twelve months.
Following the firm bounce in price, given close to half the companies operating in Korea’s Metals and Mining industry have price-to-sales ratios (or “P/S”) below 0.3x, you may consider Sam-A Aluminium Company as a stock to potentially avoid with its 1.3x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if…
