The E.W. Scripps Company’s (NASDAQ:SSP) Price Is Right But Growth Is Lacking After Shares Rocket 47%
The The E.W. Scripps Company (NASDAQ:SSP) share price has done very well over the last month, posting an excellent gain of 47%. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 16% over that time.
In spite of the firm bounce in price, E.W. Scripps may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.1x, considering almost half of all companies in the Media industry in the United States have P/S ratios greater than 0.9x and even P/S higher than 3x aren’t out of the ordinary. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
