Thursday, 26 November, 2020
Knoll, Inc. (NYSE:KNL) shareholders should be happy to see the share price up 16% in the last month. But that doesn’t change the reality of under-performance over the last twelve months. In fact the stock is down 46% in the last year, well below the market return.
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.