T.V. Today Network upgraded to 'Hold' status

T.V. Today Network, a smallcap company in the TV broadcasting and software industry, has recently been upgraded to a 'Hold' by MarketsMOJO on January 4th, 2024. This upgrade comes as the company has a low Debt to Equity ratio, indicating a stable financial position.
The stock is currently in a bullish range, with technical factors such as MACD and Bollinger Bands also showing a positive trend. Additionally, the company has an attractive valuation with a Price to Book Value of 1.6 and a high dividend yield of 30.7%.

However, the company has faced a decline in profits by 63% in the past year, resulting in a negative return of -8.78%. This has also led to a decrease in the company's operating profit by an annual rate of -14.46% over the last 5 years.

Furthermore, T.V. Today Network has declared negative results for the last 5 consecutive quarters, with a fall in net sales by -3.99% in September 2023. The company's performance has also been below par in the long term, with a low ROCE of 9.31% and a low DEBTORS TURNOVER RATIO of 3.82 times.

Despite the recent upgrade, the stock has underperformed the BSE 500 index in the last 3 years, 1 year, and 3 months. This, coupled with the poor long term growth and negative results, suggests that investors should hold off on investing in T.V. Today Network for now.