Despite Qijing Machinery's earnings decline, its P/E ratio m...
Despite Qijing Machinery's earnings decline, its P/E ratio mirrors the market, suggesting less bearish investor sentiment. However, if earnings trends persist, the share price may drop further, making the current P/E ratio appear high. This puts shareholders' investments at risk and potential investors may be overpaying.
Qijing Machinery Co., Ltd.'s (SHSE:603677) 26% Share Price Plunge Could Signal Some Risk
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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