New Dragon Asia Corp. is an AMEX listed security that has been trading in a range between $1.15 and $2.02 over the past year. With 53,821,230 shares outstanding, a recent price of $1.18 gives a total market capitalization of $64,585,479. While there are certainly larger companies, New Dragon Asia Corp. has definitely earned its place in the pack. Last year, New Dragon Asia Corp. created $0.10 in earnings for every share outstanding.
New Dragon Asia Corp. is currently priced by the market at 11.70 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, New Dragon Asia Corp. could be an interesting value proposition.
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