Archies faces challenges with declining profits and cash, MarketsMOJO issues 'Strong Sell' call

Despite facing a challenging quarter, Archies has been able to maintain a strong debtors turnover ratio, settling its debtors faster than in previous periods. However, the company has seen a decline in its profit before tax and after tax, with a negative trend in the near term. The operating profit to interest ratio has also decreased, indicating a deterioration in the company's ability to manage interest payments. The operating profit margin has also fallen, showing a decline in efficiency. The earnings per share have also decreased, resulting in lower earnings for shareholders. Additionally, the company's cash and cash equivalents have decreased, indicating a deterioration in short-term liquidity.

MarketsMOJO has given a 'Strong Sell' call for Archies based on its negative financial performance in the quarter ending March 2024. The company's score has fallen from 4 to -12 in the last 3 months, indicating a decline in overall performance. Investors should carefully consider these financial results before making any investment decisions.