Despite a recent share price drop, North Industries Group Re...
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.
![](https://pubimg-10000538.picsh.myqcloud.com/20220509000001422b30f2a7329.jpg)
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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