Liberty Shoes Faces Increased Bearish Outlook Amid Declining Performance Metrics

Liberty Shoes, a microcap player in the footwear industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical outlook, moving from a mildly bearish stance to a bearish one. The technical indicators present a mixed picture, with the MACD signaling bearish trends on a weekly basis, while the monthly view remains mildly bearish. The Relative Strength Index (RSI) indicates bearish conditions on a weekly basis, with no significant signals on a monthly basis.
In terms of performance metrics, Liberty Shoes has experienced a notable decline in returns over various periods. Year-to-date, the stock has reported a return of -19.73%, contrasting with a positive return of 5.27% for the Sensex. Over the past year, the stock's return stands at -7.57%, while its profits have seen a modest increase of 0.7%. The company's long-term fundamentals also reflect challenges, with a low average Return on Capital Employed (ROCE) of 7.56% and a high Debt to EBITDA ratio of 2.54 times.

Despite these challenges, Liberty Shoes is trading at a discount compared to its peers' average historical valuations, indicating a complex market position.

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