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Megaport Limited (ASX:MP1) shares have continued their recent momentum with a 34% gain in the last month alone. Looking further back, the 16% rise over the last twelve months isn't too bad notwithstanding the strength over the last 30 days.
After such a large jump in price, you could be forgiven for thinking Megaport is a stock to steer clear of with a price-to-sales ratios (or "P/S") of 8.9x, considering almost half the companies in Australia's IT industry have P/S ratios below 1.5x. Nonethele...
>>> Read more: Investors Appear Satisfied With Megaport Limited's (ASX:MP1) Prospects As Shares Rocket 34%
After such a large jump in price, you could be forgiven for thinking Megaport is a stock to steer clear of with a price-to-sales ratios (or "P/S") of 8.9x, considering almost half the companies in Australia's IT industry have P/S ratios below 1.5x. Nonethele...
>>> Read more: Investors Appear Satisfied With Megaport Limited's (ASX:MP1) Prospects As Shares Rocket 34%
