What CoreCard Corporation’s (NYSE:CCRD) 32% Share Price Gain Is Not Telling You
CoreCard Corporation (NYSE:CCRD) shareholders have had their patience rewarded with a 32% share price jump in the last month. The last 30 days bring the annual gain to a very sharp 89%.
After such a large jump in price, CoreCard’s price-to-earnings (or “P/E”) ratio of 29.6x might make it look like a strong sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 17x and even P/E’s below 10x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
With earnings growth that’s exceedingly…
