The Nature Holdings Co., Ltd.’s (KOSDAQ:298540) Share Price Boosted 29% But Its Business Prospects Need A Lift Too
The Nature Holdings Co., Ltd. (KOSDAQ:298540) shares have continued their recent momentum with a 29% gain in the last month alone. But the gains over the last month weren’t enough to make shareholders whole, as the share price is still down 9.0% in the last twelve months.
Even after such a large jump in price, Nature Holdings may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 9.6x, since almost half of all companies in Korea have P/E ratios greater than 13x and even P/E’s higher than 27x 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.
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