There’s Reason For Concern Over M2N Co.,Ltd’s (KOSDAQ:033310) Massive 29% Price Jump
The M2N Co.,Ltd (KOSDAQ:033310) share price has done very well over the last month, posting an excellent gain of 29%. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 15% in the last twelve months.
Since its price has surged higher, M2NLtd’s price-to-earnings (or “P/E”) ratio of 25.5x might make it look like a strong sell right now compared to the market in Korea, where around half of the companies have P/E ratios below 11x and even P/E’s below 6x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
