Cartrade Tech Receives 'Hold' Rating from MarketsMOJO, Shows Strong Financial Performance and Positive Trend

Cartrade Tech, a smallcap IT software company, has recently received a 'Hold' rating from MarketsMOJO on October 14, 2024. This upgrade is based on the company's strong financial performance and positive results for the past 9 consecutive quarters.
One of the key factors contributing to this upgrade is the company's low Debt to Equity ratio, which is at 0 times on average. This indicates a healthy financial position and the ability to manage debt effectively.

Moreover, Cartrade Tech has shown consistent long-term growth with an annual growth rate of 26.35% in Net Sales and 97.40% in Operating profit. In the last half-year, the company's Net Sales have grown by 57.46% and PAT by 54.63%, with the highest ROCE at 7.76%.

From a technical standpoint, the stock is currently in a Mildly Bullish range and has shown a positive trend since October 8, 2024, generating a return of 11.15%. The MACD and Bollinger Band technical factors also indicate a Bullish trend.

Another positive aspect of Cartrade Tech is its high institutional holdings at 72.22%. This indicates that these investors have better resources and capabilities to analyze the company's fundamentals compared to retail investors.

However, with a ROE of 3.2, the stock is currently trading at a Very Expensive valuation with a Price to Book Value of 2.2. Despite this, the stock is still trading at a discount compared to its average historical valuations.

In the past year, the stock has generated a return of 42.67%, while its profits have risen by 70.5%. This results in a PEG ratio of 0.9, indicating that the stock is undervalued and has the potential for future growth.

Overall, Cartrade Tech has shown strong financial performance and a positive trend in the stock market, making it a 'Hold' for investors. With its consistent growth and high institutional holdings, the company has the potential to continue its upward trajectory in the future.