Insigma Technology Hits Day Low of CNY 10.57 Amid Price Pressure

Insigma Technology Co. experienced a notable decline today, with the stock dropping by 4.08% as it reached an intraday low of CNY 10.57. This performance stands in contrast to the China Shanghai Composite, which saw a modest decrease of 0.19% on the same day. Over the past week, Insigma's stock has fallen by 5.95%, while the broader index has gained 0.17%.
In terms of longer-term performance, Insigma has shown a significant increase of 91.85% over the past year, outperforming the China Shanghai Composite's 20.88% gain. However, the company has faced challenges, including a low Return on Capital Employed (ROCE) of 1.66%, indicating limited profitability relative to its capital. Additionally, Insigma has reported negative results for the last eight consecutive quarters, with a net profit of CNY -48.39 million reflecting a decline of 113.34%.

Despite its recent performance, the company’s financial metrics suggest a complex situation, with a high dividend yield of 0% and a debt-to-equity ratio of -0.02, indicating potential financial risks.