Tay Two Co., Ltd.’s (TSE:7610) 28% Share Price Surge Not Quite Adding Up
Tay Two Co., Ltd. (TSE:7610) shareholders would be excited to see that the share price has had a great month, posting a 28% gain and recovering from prior weakness. Looking further back, the 12% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
Since its price has surged higher, given around half the companies in Japan have price-to-earnings ratios (or “P/E’s”) below 12x, you may consider Tay Two as a stock to potentially avoid with its 18.6x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s as high as it is.
Our free stock report includes 4 warning signs investors should be aware of before investing in Tay Two. Read…
