Classic Leasing & Finance Downgraded to 'Sell' by MarketsMOJO Due to Weak Fundamentals.

Classic Leasing & Finance, a microcap finance company, has recently been downgraded to a 'Sell' by MarketsMOJO on November 4th, 2024. This decision was based on the company's weak long-term fundamental strength, with a negative book value and poor growth in net sales and operating profit. In fact, the company's results for June 2024 were flat.
One of the main reasons for the downgrade is the company's negative book value, which makes it a risky investment. Additionally, the stock is currently trading at a higher risk compared to its historical valuations. While the stock has seen a return of 63.92% in the past year, its profits have only risen by 20%, resulting in a PEG ratio of 0.

On a positive note, the stock is currently in a bullish range and has shown improvement in its technical trend since October 30th, 2024. It has also generated a return of 15.32% since then, with multiple factors such as MACD, Bollinger Band, and KST indicating a bullish trend.

It is worth noting that the majority of shareholders in Classic Leasing & Finance are non-institutional investors. Despite the recent downgrade, the company has shown market-beating performance in the long term as well as the near term. In the last year, it has generated a return of 63.92% and has outperformed BSE 500 in the last 3 years, 1 year, and 3 months. However, considering the current weak fundamentals and high risk, MarketsMOJO has advised investors to sell their stocks in Classic Leasing & Finance.