There’s No Escaping Rockwell Medical, Inc.’s (NASDAQ:RMTI) Muted Revenues Despite A 43% Share Price Rise
Despite an already strong run, Rockwell Medical, Inc. (NASDAQ:RMTI) shares have been powering on, with a gain of 43% in the last thirty days. But the last month did very little to improve the 51% share price decline over the last year.
Although its price has surged higher, Rockwell Medical’s price-to-sales (or “P/S”) ratio of 0.6x might still make it look like a strong buy right now compared to the wider Medical Equipment industry in the United States, where around half of the companies have P/S ratios above 3x and even P/S above 8x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so limited.
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