There’s No Escaping Clover Corporation Limited’s (ASX:CLV) Muted Earnings Despite A 33% Share Price Rise
Despite an already strong run, Clover Corporation Limited (ASX:CLV) shares have been powering on, with a gain of 33% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 45% in the last year.
In spite of the firm bounce in price, given about half the companies in Australia have price-to-earnings ratios (or “P/E’s”) above 21x, you may still consider Clover as an attractive investment with its 17.6x 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 limited.
Recent times have been advantageous for Clover as its…
