Howard Hotels Receives 'Hold' Rating from MarketsMOJO, Shows Bullish Trend

Howard Hotels, a microcap company in the hotel industry, has recently received a 'Hold' rating from MarketsMOJO on August 7, 2024. This upgrade comes as the stock has shown a bullish trend and has generated a return of 6.84% since August 6, 2024.
The technical trend for Howard Hotels has improved from Mildly Bullish to Bullish, with factors such as MACD, Bollinger Band, and KST all pointing towards a positive outlook. Additionally, the company's ROCE of 9 and attractive valuation with a 1.9 Enterprise value to Capital Employed ratio make it an attractive investment option.

However, there are some concerns regarding the company's long-term fundamental strength. With operating losses and poor long-term growth in net sales, Howard Hotels may face challenges in the future. Furthermore, the company's ability to service its debt is weak, with a poor EBIT to Interest ratio of -0.27.

In the latest quarter, Howard Hotels reported flat results with a PBDIT of Rs -0.50 cr and a PBT LESS OI of Rs -0.79 cr. The EPS for the quarter was also at its lowest at Rs -0.85.

Despite these challenges, Howard Hotels remains a promising player in the hotel industry with its bullish trend and attractive valuation. Investors should keep a close eye on the company's performance in the coming quarters to make informed investment decisions.