Even with its share price plummeting, Piesat Information Tec...
Even with its share price plummeting, Piesat Information Technology holds a high P/E due to an optimistic earnings forecast. Investors appear ready to pay a premium for the stock, anticipating robust future growth. Such conditions bolster the share price.
Why We're Not Concerned Yet About Piesat Information Technology Co., Ltd.'s (SHSE:688066) 30% Share Price Plunge
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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