There’s Reason For Concern Over Friedman Industries, Incorporated’s (NASDAQ:FRD) Massive 46% Price Jump
Friedman Industries, Incorporated (NASDAQ:FRD) shares have had a really impressive month, gaining 46% after a shaky period beforehand. Looking back a bit further, it’s encouraging to see the stock is up 47% in the last year.
In spite of the firm bounce in price, there still wouldn’t be many who think Friedman Industries’ price-to-earnings (or “P/E”) ratio of 18.2x is worth a mention when the median P/E in the United States is similar at about 19x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
For instance, Friedman Industries’…
