Despite a recent share price drop, North Industries Group Re...

Moomoo AI Feb 6, 2024 06:43

Despite a recent share price drop, North Industries Group Red Arrow's high price-to-sales ratio suggests investors anticipate strong future growth. The high P/S ratio is maintained due to forecasted revenue growth outpacing the rest of the Machinery industry. Investors appear confident in the company's future revenues, making a significant share price drop unlikely.

With A 26% Price Drop For North Industries Group Red Arrow Co., Ltd (SZSE:000519) You'll Still Get What You Pay For

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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