Xiwang Foodstuffs Co.,Ltd. (SZSE:000639) Stock Catapults 88% Though Its Price And Business Still Lag The Industry
Xiwang Foodstuffs Co.,Ltd. (SZSE:000639) shares have continued their recent momentum with a 88% gain in the last month alone. Taking a wider view, although not as strong as the last month, the full year gain of 15% is also fairly reasonable.
In spite of the firm bounce in price, Xiwang FoodstuffsLtd’s price-to-sales (or “P/S”) ratio of 1.1x might still make it look like a buy right now compared to the Food industry in China, where around half of the companies have P/S ratios above 1.9x and even P/S above 4x are quite common. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
Check out our latest analysis for Xiwang FoodstuffsLtd
