Tag-It Pacific Inc. is an AMEX listed security that has been trading in a range between $0.65 and $2.15 over the past year. With 18,541,430 shares outstanding, a recent price of $0.98 gives a total market capitalization of $19,095,818. While there are certainly larger companies, Tag-It Pacific Inc. has definitely earned its place in the pack. Last year, Tag-It Pacific Inc. created $0.01 in earnings for every share outstanding.
Tag-It Pacific Inc. is currently priced by the market at 85.00 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, Tag-It Pacific Inc. could be an interesting value proposition.
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