Expectations of continued poor revenue performance may be causing the low P/S ratio. If top-line growth doesn't improve, the P/S could fall further. Significant share price movement seems unlikely given current circumstances and recent revenue trends.

Insigma Technology's financial situation is strained due to revenue slip, negative EBIT, and liabilities. However, there's potential for recovery as its EBIT is worse than the free cash flow of CN¥91m and the profit of CN¥69m.

The piece indicates a possible investment opportunity due to a mismatch between the company's financials and stock performance. However, it reminds investors to also consider identified warning signs.