Wuhan P&S Information Technology Co., Ltd. (SZSE:300184) Stock Catapults 37% Though Its Price And Business Still Lag The Industry
Wuhan P&S Information Technology Co., Ltd. (SZSE:300184) shares have continued their recent momentum with a 37% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 79%.
Although its price has surged higher, Wuhan P&S Information Technology’s price-to-sales (or “P/S”) ratio of 2x might still make it look like a strong buy right now compared to the wider Electronic industry in China, where around half of the companies have P/S ratios above 4.5x and even P/S above 9x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
Check out our latest analysis for Wuhan P&S Information Technology
