South Ocean Holdings Limited (JSE:SOH) Stock Catapults 36% Though Its Price And Business Still Lag The Market
Those holding South Ocean Holdings Limited (JSE:SOH) shares would be relieved that the share price has rebounded 36% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Looking back a bit further, it’s encouraging to see the stock is up 75% in the last year.
Even after such a large jump in price, given about half the companies in South Africa have price-to-earnings ratios (or “P/E’s”) above 10x, you may still consider South Ocean Holdings as an attractive investment with its 5.3x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
South Ocean Holdings certainly has been doing a great job…
