MarketsMOJO Downgrades Artemis Electricals & Projects to 'Sell' Due to Weak Fundamentals

Artemis Electricals & Projects, a smallcap company in the electric equipment industry, has recently been downgraded to a 'Sell' by MarketsMOJO on 2024-02-05. This decision was based on the company's weak long-term fundamental strength, with a -41.49% CAGR growth in operating profits over the last 5 years. Additionally, the company has a low profitability per unit of shareholders' funds, with a Return on Equity (avg) of 2.78%.
The stock is also trading at a very expensive valuation, with a price to book value of 13.7. However, it is currently at a discount compared to its average historical valuations. In the past year, the stock has generated a return of 252.30%, but its profits have only risen by 185.4%, resulting in a PEG ratio of 0.4.

One interesting factor to note is that despite its size, domestic mutual funds hold only 0% of the company. This could indicate that they are not comfortable with the current price or the business itself.

On a positive note, the company has declared positive results for the last 3 consecutive quarters, with a significant growth in net sales and profits. The stock is also technically in a mildly bullish range, with multiple factors such as MACD, KST, and DOW indicating a bullish trend.

In terms of market performance, Artemis Electricals & Projects has been beating the market in both the long term and near term. Along with generating a return of 252.30% in the last year, the stock has also outperformed the BSE 500 index in the last 3 years, 1 year, and 3 months.

Overall, while the stock may have some positive factors, the recent downgrade by MarketsMOJO and the company's weak long-term fundamentals suggest that it may be a good idea to sell the stock at this time. Investors should carefully consider all the factors before making any investment decisions.