Why Investors Shouldn’t Be Surprised By Lohilo Foods AB (publ)’s (NGM:LOHILO) 33% Share Price Plunge
Unfortunately for some shareholders, the Lohilo Foods AB (publ) (NGM:LOHILO) share price has dived 33% in the last thirty days, prolonging recent pain. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 52% loss during that time.
Following the heavy fall in price, it would be understandable if you think Lohilo Foods is a stock with good investment prospects with a price-to-sales ratios (or “P/S”) of 0.2x, considering almost half the companies in Sweden’s Food industry have P/S ratios above 1.1x. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
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