Despite declining earnings, the company's high P/E ratio ind...
Despite declining earnings, the company's high P/E ratio indicates investor optimism for a business turnaround. However, if the P/E aligns with recent negative growth rates, shareholders may face disappointment. Current prices seem unreasonable given the high P/E ratio and declining earnings, unless medium-term conditions improve significantly.
Jiangsu Xiehe Electronic Co.,Ltd.'s (SHSE:605258) Popularity With Investors Under Threat As Stock Sinks 27%
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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