TOPTEC Co., Ltd’s (KOSDAQ:108230) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
TOPTEC Co., Ltd (KOSDAQ:108230) shareholders have had their patience rewarded with a 26% share price jump in the last month. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 28% in the last twelve months.
Even after such a large jump in price, TOPTEC may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.7x, considering almost half of all companies in the Semiconductor industry in Korea have P/S ratios greater than 1.5x and even P/S higher than 4x aren’t out of the ordinary. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
