What QuickLogic Corporation’s (NASDAQ:QUIK) 30% Share Price Gain Is Not Telling You
QuickLogic Corporation (NASDAQ:QUIK) shareholders are no doubt pleased to see that the share price has bounced 30% in the last month, although it is still struggling to make up recently lost ground. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 18% over that time.
Since its price has surged higher, QuickLogic may be sending sell signals at present with a price-to-sales (or “P/S”) ratio of 6x, when you consider almost half of the companies in the Semiconductor industry in the United States have P/S ratios under 4.8x and even P/S lower than 2x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis…
