MarketsMOJO Declares 'Sell' for Orient Press After Flat Q1 Results

MarketsMOJO, a leading financial analysis platform, has recently declared a 'Sell' call for Orient Press, a microcap company in the packaging industry. The company has recently announced its financial results for the quarter ending March 2024, which have been deemed as flat.

However, there are some positive aspects to Orient Press' performance in this quarter. The company's operating profit to interest ratio has improved to 1.64 times, indicating its ability to manage interest payments. Additionally, the profit after tax (PAT) for this quarter is the highest in the last five quarters, showing a positive trend in the near term. The earnings per share (EPS) have also increased, indicating a higher profitability and value creation for shareholders.

On the other hand, the non-operating income for this quarter is 118.60% of the profit before tax (PBT). This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

Overall, Orient Press' financial performance for the quarter ending March 2024 has been deemed as flat, with some positive and negative aspects. MarketsMOJO has recommended a 'Sell' call for the company's stock.