Artemis Medicare Services Receives 'Hold' Rating from MarketsMOJO, Attractive Valuation and Institutional Interest

Artemis Medicare Services, a smallcap healthcare services company, has recently received a 'Hold' rating from MarketsMOJO. The stock has shown a bullish trend and has improved from a mildly bullish range on April 29, 2024. This is supported by various technical indicators such as MACD, Bollinger Band, KST, and DOW.
One of the reasons for the 'Hold' rating is the company's attractive valuation with a ROCE of 11.2 and an enterprise value to capital employed ratio of 4.1. The stock is currently trading at a discount compared to its historical valuations. Despite generating a return of 135.52% in the past year, the company's profits have only increased by 10.5%, resulting in a PEG ratio of 6.9.

Institutional investors have also shown an increasing interest in the company, with their stake rising by 0.63% in the previous quarter. They hold a collective 9.88% of the company, indicating their confidence in its fundamentals.

However, the company's long-term fundamental strength is weak, with an average ROCE of 8.03%. Its growth has been poor, with net sales growing at an annual rate of 10.62% and operating profit at 16.76% over the last 5 years.

In the latest financial results for December 2023, the company's interest has grown by 30.48% and its debt-equity ratio is at its highest at 0.77 times. These factors may have contributed to the 'Hold' rating by MarketsMOJO.

Overall, while Artemis Medicare Services has shown consistent returns in the last 3 years and a bullish trend in the short term, its long-term fundamentals and financial results may need to be closely monitored. Investors are advised to do their own research and analysis before making any investment decisions.