Zhejiang grandwall electric science&technology co.,ltd.’s (SHSE:603897) Share Price Boosted 27% But Its Business Prospects Need A Lift Too
Despite an already strong run, Zhejiang grandwall electric science&technology co.,ltd. (SHSE:603897) shares have been powering on, with a gain of 27% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 49% in the last year.
In spite of the firm bounce in price, Zhejiang grandwall electric science&technologyltd may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 19.3x, since almost half of all companies in China have P/E ratios greater than 37x and even P/E’s higher than 73x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
Recent times have been quite advantageous…
