What CITECH Co., Ltd.’s (KRX:004920) 41% Share Price Gain Is Not Telling You
CITECH Co., Ltd. (KRX:004920) shares have had a really impressive month, gaining 41% after a shaky period beforehand. Looking back a bit further, it’s encouraging to see the stock is up 27% in the last year.
Since its price has surged higher, given close to half the companies operating in Korea’s Tech industry have price-to-sales ratios (or “P/S”) below 0.8x, you may consider CITECH as a stock to potentially avoid with its 1.5x P/S ratio. However, the P/S might be high for a reason and it requires further investigation to determine if it’s justified.
View our latest analysis for CITECH
