RateGain Travel Technologies Limited (NSE:RATEGAIN) shareholders that were waiting for something to happen have been dealt a blow with a 30% share price drop in the last month. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 39% in that time.
Even after such a large drop in price, RateGain Travel Technologies may still be sending bearish signals at the moment with its price-to-earnings (or “P/E”) ratio of 28.3x, since almost half of all companies in India have P/E ratios under 25x and even P/E’s lower than 14x are not unusual. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified.
Recent times have been…
