Despite Jiangsu Lidao New Materials' falling price and earni...

Moomoo AI Feb 2, 2024 07:55

Despite Jiangsu Lidao New Materials' falling price and earnings, its high P/E ratio suggests investor optimism. However, with recent earnings decline and expected market growth of 42%, the high P/E ratio is concerning and current prices may not be sustainable.

Jiangsu Lidao New Materials Co., Ltd.'s (SHSE:603937) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio

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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