XTRA:GMMAuto Components
Grammer (XTRA:GMM) Stock Trades On A Profit Rebound And Low P E
Grammer stock closed at €11.3 on Friday after a strong 90 day run, and the real story sits inside the Q2 tape. The company posted basic earnings per share of €0.87 on revenue of €499.4m, keeping its auto components recovery in focus. Trailing twelve month earnings now support a P/E of 5.3x, which is far below both peers and the wider European sector.
The headline this quarter is simple. Grammer is profitable again and the valuation still prices in a lot of doubt. The rest of the numbers show...