Qgo Finance Receives 'Sell' Rating from MarketsMOJO Due to Weak Fundamental Strength

Qgo Finance, a microcap finance company, has recently received a 'Sell' rating from MarketsMOJO on October 29, 2024. This downgrade is based on the company's weak long-term fundamental strength, with an average Return on Equity (ROE) of 11.20%.
Despite declaring positive results for the last 10 consecutive quarters, with a 22.93% growth in net sales and the highest PBDIT and PBT LESS OI in the last quarter, Qgo Finance's stock is technically in a mildly bullish range. The Bollinger Band, a key technical factor, has been bullish since September 25, 2024.

With a ROE of 18.6, the company has a fair valuation and a price to book value of 2.7. However, the stock is currently trading at a fair value compared to its average historical valuations. Over the past year, the stock has generated a return of 27.31%, while its profits have risen by 76.6%. The PEG ratio of the company is 0.2, indicating a potential undervaluation.

It is worth noting that the majority shareholders of Qgo Finance are its promoters. This may suggest a lack of interest from external investors. However, it is important to note that this article is based solely on the information provided and does not include any external data or sources. As always, it is recommended to conduct thorough research and analysis before making any investment decisions.