MarketsMOJO Upgrades Nicco Parks & Resorts to 'Hold' Rating Amidst Low Debt and Healthy Growth

Nicco Parks & Resorts, a microcap company in the amusement parks and clubs industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes as the company has shown a low Debt to Equity ratio and a healthy long-term growth rate of 54.06% in operating profit.
The stock is currently in a Mildly Bullish range, with technical indicators such as MACD, Bollinger Band, and KST showing a bullish trend. However, the company's recent financial results for the quarter ending in June 2024 have been flat, with a decrease in PBT and PAT by -21.38% and -19.0%, respectively. The net sales have also seen a slight decline of -7.58%.

With a ROE of 26.5, the stock is considered to have a very expensive valuation, with a price to book value of 7.6. However, it is currently trading at a fair value compared to its historical valuations. In the past year, the stock has generated a return of 13.46%, but its profits have fallen by -9.6%.

One interesting aspect to note is that despite its small 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. Additionally, the stock has underperformed the market in the last year, with a return of 13.46% compared to the market's return of 37.99%.

Overall, while Nicco Parks & Resorts may have potential for growth in the future, it is currently recommended to hold the stock due to its expensive valuation and recent flat financial results. Investors should keep an eye on the company's performance and any changes in the market before making any investment decisions.