SigmaRoc plc (LON:SRC) Looks Just Right With A 25% Price Jump
Despite an already strong run, SigmaRoc plc (LON:SRC) shares have been powering on, with a gain of 25% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 62% in the last year.
Following the firm bounce in price, SigmaRoc may be sending very bearish signals at the moment with a price-to-earnings (or “P/E”) ratio of 52.6x, since almost half of all companies in the United Kingdom have P/E ratios under 16x and even P/E’s lower than 9x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
With earnings…
