UTime Limited’s (NASDAQ:WTO) Share Price Boosted 31% But Its Business Prospects Need A Lift Too
Those holding UTime Limited (NASDAQ:WTO) shares would be relieved that the share price has rebounded 31% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 100% share price drop in the last twelve months.
Although its price has surged higher, UTime may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.3x, since almost half of all companies in the Electronic industry in the United States have P/S ratios greater than 3x and even P/S higher than 7x are not unusual. Nonetheless, we’d need to dig a little…
