Why We’re Not Concerned Yet About Highest Performances Holdings Inc.’s (NASDAQ:HPH) 57% Share Price Plunge
To the annoyance of some shareholders, Highest Performances Holdings Inc. (NASDAQ:HPH) shares are down a considerable 57% in the last month, which continues a horrid run for the company. For any long-term shareholders, the last month ends a year to forget by locking in a 99% share price decline.
In spite of the heavy fall in price, when almost half of the companies in the United States’ Capital Markets industry have price-to-sales ratios (or “P/S”) below 2.8x, you may still consider Highest Performances Holdings as a stock probably not worth researching with its 3.5x P/S ratio. However, the P/S might be high for a reason and it requires further investigation to determine if it’s justified.
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