ENXTBR:PAYElectronic
Payton Planar Magnetics (ENXTBR:PAY) Stock Faces Margin Squeeze And Rich P E
Payton Planar Magnetics stock has gone nowhere over the past week, yet the earnings story has moved on. The headline is not the top line; it is the squeeze on profitability. Net profit margin over the last year sat at 16.2% compared with 25.8% a year earlier, while the P/E multiple of 21.9x still sits above sector and peer averages.
That gap between richer valuation and thinner margins is what traders are really pricing today. The market is weighing whether this margin pressure is a blip or...