There’s No Escaping Trajan Group Holdings Limited’s (ASX:TRJ) Muted Revenues Despite A 25% Share Price Rise
Trajan Group Holdings Limited (ASX:TRJ) shares have had a really impressive month, gaining 25% after a shaky period beforehand. The bad news is that even after the stocks recovery in the last 30 days, shareholders are still underwater by about 5.5% over the last year.
In spite of the firm bounce in price, Trajan Group Holdings may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.9x, since almost half of all companies in the Life Sciences industry in Australia have P/S ratios greater than 5.1x and even P/S higher than 11x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
