There’s Reason For Concern Over Al Obeikan Glass Company’s (TADAWUL:4145) Massive 30% Price Jump
Those holding Al Obeikan Glass Company (TADAWUL:4145) shares would be relieved that the share price has rebounded 30% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 28% over that time.
Since its price has surged higher, you could be forgiven for thinking Al Obeikan Glass is a stock not worth researching with a price-to-sales ratios (or “P/S”) of 3.4x, considering almost half the companies in Saudi Arabia’s Building industry have P/S ratios below 2.2x. Although, it’s not wise to just take the P/S at face value as there may be an explanation why…
