Various Eateries PLC (LON:VARE) Stock Catapults 35% Though Its Price And Business Still Lag The Industry
Various Eateries PLC (LON:VARE) shareholders would be excited to see that the share price has had a great month, posting a 35% gain and recovering from prior weakness. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 24% over that time.
In spite of the firm bounce in price, when close to half the companies operating in the United Kingdom’s Hospitality industry have price-to-sales ratios (or “P/S”) above 1x, you may still consider Various Eateries as an enticing stock to check out with its 0.5x P/S ratio. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
