Givex Information Technology Group Limited (TSE:GIVX) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

Givex Information Technology Group Limited (TSE:GIVX) shares have had a really impressive month, gaining 28% after a shaky period beforehand. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.

Following the firm bounce in price, Givex Information Technology Group’s price-to-earnings (or “P/E”) ratio of 56.1x might make it look like a strong sell right now compared to the market in Canada, where around half of the companies have P/E ratios below 13x and even P/E’s below 6x are quite common. However, the P/E

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