Signetics Corporation (KOSDAQ:033170) Stock Catapults 27% Though Its Price And Business Still Lag The Industry
Those holding Signetics Corporation (KOSDAQ:033170) shares would be relieved that the share price has rebounded 27% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 27% over that time.
In spite of the firm bounce in price, considering around half the companies operating in Korea’s Semiconductor industry have price-to-sales ratios (or “P/S”) above 1.2x, you may still consider Signetics as an solid investment opportunity with its 0.6x 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…
