This Week’s Hot Stock is none other than IPH Limited (IPH). One of Equity Story’s Growth with Dividends stocks recommendations, this chart really stood out to us this week as one that has all the signs of a stellar mover.
What does IPH Limited Do?
IPH Limited is an IP business offering products and services in the IP space and are valued at approximately $1B. IPH has been able to show continued growth through a number of important acquisitions. An expansion into Asia has proved they have slowly been eating up market share of each market they enter.
What is IPH Limited Valued at?
It is currently valued at~20x FY17 earnings, this is not a huge ask and at peak performance as IPH should be trading much higher. It seems the stock is recovering from the lows of ~$4.50 and slowly heading back up. Last week’s green candle is a beautiful sign of a reversal after hitting highs of $6.03.
We expect the trend will continue with some strong momentum behind it!