Taiko Pharmaceutical Co.,Ltd. (TSE:4574) Looks Just Right With A 46% Price Jump
Taiko Pharmaceutical Co.,Ltd. (TSE:4574) shares have had a really impressive month, gaining 46% after a shaky period beforehand. The bad news is that even after the stocks recovery in the last 30 days, shareholders are still underwater by about 6.4% over the last year.
After such a large jump in price, when almost half of the companies in Japan’s Medical Equipment industry have price-to-sales ratios (or “P/S”) below 1.6x, you may consider Taiko PharmaceuticalLtd as a stock probably not worth researching with its 3x 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 as high as it is.
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