BIT:RWAYTelecom
Rai Way (BIT:RWAY) Stock Revenue Rises While Margins And Dividend Cover Tighten
Rai Way walked into this earnings season with a stock that had slipped about 24% over the past three months, trading at €4.64 and appearing inexpensive on a 14.6x P/E. The headline from this quarter is profit pressure. Net income margin on the trailing twelve months sits at 29.8%, down from 32.3% a year earlier, while the dividend yield of 7.11% is not well covered by earnings. The gap between low valuation and a stretched payout is what the market is now being forced to weigh.
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