Qgo Finance Receives 'Sell' Rating from MarketsMOJO Due to Weak Fundamental Strength

Qgo Finance, a microcap finance company, has recently received a 'Sell' rating from MarketsMOJO on 2024-03-26. This downgrade is based on the company's weak long-term fundamental strength, with an average Return on Equity (ROE) of 7.99%.
Despite declaring positive results for the last 8 consecutive quarters, with net sales growing at 20.83% and PBDIT and PAT reaching their highest levels, the stock is still considered a 'Sell'. Technically, the stock is in a mildly bullish range, with multiple factors such as MACD, Bollinger Band, KST, DOW, and OBV being bullish.

However, with an ROE of 15.1, the stock is fairly valued with a price to book value of 2.9. It is currently trading at a premium compared to its average historical valuations. In the past year, the stock has generated a return of 50.61%, while its profits have risen by 63.2%. The PEG ratio of the company is 0.3.

The majority shareholders of Qgo Finance are its promoters, who have been delivering market-beating performance in the long term as well as the near term. In addition to generating a return of 50.61% in the last year, the stock has also outperformed BSE 500 in the last 3 years, 1 year, and 3 months.

While the stock may have received a 'Sell' rating, it is important to note that this is based on the company's current financial standing and does not take into account any potential future growth. Investors should carefully consider all factors before making any investment decisions.