Within the hardware sector we see a low diversification of the 12-months returns. Since November last year the sector is around 8 percent higher. Among the winners we find Eurotech SpA, Sensys Gatso AB and XTPL SA. Relatively big losses were for PA Power Automation AG, Oceasoft SA and Neonode.
The large caps in this sector are the winners. Among the less performing we see mostly the microcaps.
Regarding the price/earings-ratios we see a uniform palette. The smallcaps are with the price/earnings-ratio of 29 the most expensive. The microcaps are the cheapest and trade at 17 times the earnings per share. Asetek A/S, Hexagon AB and artec technologies AG are the stocks with the highest ratios. Stocks with the lowest ratios are Paragon Id SA, AB SA and Cellularline SpA.
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