K Z Leasing & Finance Receives 'Hold' Rating from MarketsMOJO Amidst Bullish Trend and Positive Indicators

K Z Leasing & Finance, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes as the stock has shown a bullish trend and has improved its technical trend from mildly bullish to bullish on August 30, 2024. The company's stock has also shown positive indicators such as MACD, Bollinger Band, and KST.
Despite its attractive valuation with a price to book value of 0.5 and a return on equity of 8.3%, the stock is currently trading at a premium compared to its historical valuations. However, it is important to note that the company's profits have fallen by -13% in the past year, while the stock has generated a return of 19.93%.

K Z Leasing & Finance has a majority of non-institutional shareholders and has weak long-term fundamental strength due to operating losses. The company has also shown poor long-term growth with an annual growth rate of only 8.30% in operating profit.

In the latest quarter, the company's results were flat with a fall in profit before tax (PBT) of -205.1% and a significant increase in non-operating income, which accounted for 112.46% of PBT.

In the last year, the stock has underperformed the market with a return of 19.93%, much lower than the market (BSE 500) returns of 38.49%. With these factors in mind, MarketsMOJO has upgraded the stock to a 'Hold' rating.