Qijing Machinery's stock surge doesn't justify its P/E ratio...

Moomoo AI Mar 18, 2024 08:34

Qijing Machinery's stock surge doesn't justify its P/E ratio due to lackluster earnings growth. Investors may be overlooking poor growth, hoping for a business turnaround. Without medium-term improvements, current prices may be unreasonable.

There's Reason For Concern Over Qijing Machinery Co., Ltd.'s (SHSE:603677) Massive 32% Price Jump

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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