Hittco Tools Receives 'Hold' Rating from MarketsMOJO, Shows Bullish Trend and Attractive Valuation

Hittco Tools, a microcap engineering company, has recently received a 'Hold' rating from MarketsMOJO on July 8, 2024. This upgrade comes as the stock has shown a bullish trend and improved technical factors, such as MACD and KST. Additionally, the company has an attractive valuation with a ROCE of 5.7 and a 1.7 Enterprise value to Capital Employed ratio.
However, there are some concerns about the company's long-term fundamental strength. With an average ROCE of 5.10%, Hittco Tools has shown weak growth in net sales and operating profit over the last 5 years. The company also has a high Debt to EBITDA ratio, indicating a low ability to service debt.

In the short term, the company's results have been flat in March 2024, with the lowest ROCE at 5.90%. Additionally, Hittco Tools has underperformed the market in the last year, with a return of 20.56% compared to the market's return of 37.98%.

Despite these concerns, Hittco Tools remains a hold for now, with potential for improvement in the future. Investors should keep an eye on the company's financial performance and market trends before making any investment decisions.