Tekcapital plc (LON:TEK) Stock Catapults 33% Though Its Price And Business Still Lag The Market
Tekcapital plc (LON:TEK) shareholders would be excited to see that the share price has had a great month, posting a 33% gain and recovering from prior weakness. Looking back a bit further, it’s encouraging to see the stock is up 32% in the last year.
Even after such a large jump in price, Tekcapital’s price-to-earnings (or “P/E”) ratio of 6.3x might still make it look like a strong buy right now compared to the market in the United Kingdom, where around half of the companies have P/E ratios above 17x and even P/E’s above 30x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so limited.
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