SUSS MicroTec SE’s (ETR:SMHN) Share Price Boosted 33% But Its Business Prospects Need A Lift Too
SUSS MicroTec SE (ETR:SMHN) shareholders are no doubt pleased to see that the share price has bounced 33% in the last month, although it is still struggling to make up recently lost ground. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 28% in the last twelve months.
Even after such a large jump in price, SUSS MicroTec may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 12.1x, since almost half of all companies in Germany have P/E ratios greater than 19x and even P/E’s higher than 37x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
We’ve discovered…
