Wanjia Group Holdings Limited (HKG:401) Stock Catapults 45% Though Its Price And Business Still Lag The Industry
Wanjia Group Holdings Limited (HKG:401) shareholders would be excited to see that the share price has had a great month, posting a 45% gain and recovering from prior weakness. The last month tops off a massive increase of 102% in the last year.
In spite of the firm bounce in price, Wanjia Group Holdings’ price-to-sales (or “P/S”) ratio of 0.3x might still make it look like a buy right now compared to the Healthcare industry in Hong Kong, where around half of the companies have P/S ratios above 1x and even P/S above 3x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
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