Skandia GreenPower AS’ (OB:SKAND) 25% Share Price Surge Not Quite Adding Up
Despite an already strong run, Skandia GreenPower AS (OB:SKAND) shares have been powering on, with a gain of 25% in the last thirty days. The last month tops off a massive increase of 129% in the last year.
In spite of the firm bounce in price, there still wouldn’t be many who think Skandia GreenPower’s price-to-sales (or “P/S”) ratio of 0.5x is worth a mention when the median P/S in Norway’s Electric Utilities industry is similar at about 1x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
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