SeSa S.p.A.’s (BIT:SES) Share Price Is Still Matching Investor Opinion Despite 27% Slump
To the annoyance of some shareholders, SeSa S.p.A. (BIT:SES) shares are down a considerable 27% in the last month, which continues a horrid run for the company. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 48% share price drop.
Even after such a large drop in price, it’s still not a stretch to say that SeSa’s price-to-earnings (or “P/E”) ratio of 14.2x right now seems quite “middle-of-the-road” compared to the market in Italy, where the median P/E ratio is around 14x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
SeSa could be doing better as its earnings have been going backwards…
