Quick Heal Technologies Receives 'Buy' Rating from MarketsMOJO, Shows Strong Growth and Financial Stability

Oct 11 2024 06:27 PM IST
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Quick Heal Technologies, a smallcap IT software company, has received a 'Buy' rating from MarketsMojo due to its positive results in the last quarter, with a growth in net sales of 36.64%. The company has a low debt to equity ratio, strong financial position, and has outperformed the market in the long term. However, there are risks to consider, such as poor long-term growth and potentially expensive valuation.
Quick Heal Technologies, a smallcap IT software company, has recently received a 'Buy' rating from MarketsMOJO. This upgrade comes as the company has shown positive results in the last quarter, with a growth in net sales of 36.64%. The company has also declared positive results for the past three consecutive quarters, with a growth in PAT of 131.6% and net sales of 36.64%.

One of the major factors contributing to the 'Buy' rating is the company's low debt to equity ratio, which is at 0 times on average. This indicates a strong financial position and stability for the company. Additionally, the stock is currently in a bullish range and has shown a 15.44% return since October 8, 2024.

The majority shareholders of Quick Heal Technologies are the promoters, which further adds to the positive outlook for the company. It has also shown market-beating performance in the long term, with a return of 136.85% in the last year and outperforming BSE 500 in the last 3 years, 1 year, and 3 months.

However, there are some risks associated with investing in Quick Heal Technologies. The company has shown poor long-term growth, with net sales growing at an annual rate of -0.56% and operating profit at -26.90% over the last 5 years. Additionally, with a ROE of 5.5, the stock is currently trading at a premium compared to its historical valuations. The PEG ratio of the company is also at 0.2, indicating a potentially expensive valuation.

In conclusion, Quick Heal Technologies has shown strong performance in the recent past and has received a 'Buy' rating from MarketsMOJO. However, investors should also consider the potential risks associated with the company before making any investment decisions.
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