Q: I really can't understand CTS's stock price.
They beat earnings with .12 with estimates at .086. EPS which you have mentioned is 9X is supposed to rise 60% in the next 2 years.
Why is this tech stock at lows and not trading like its fundamentals?
Thanks
They beat earnings with .12 with estimates at .086. EPS which you have mentioned is 9X is supposed to rise 60% in the next 2 years.
Why is this tech stock at lows and not trading like its fundamentals?
Thanks
5i Research Answer:
Some investors may be concerned about debt; some may not like the new strategy of the company; some were hoping for a sale of the company; some may be worried about growth in a recession. Small caps can always be confusing. It is cheap, but so are many many other small caps. It is that type of market. Recession fears can be strong.