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MeiG Smart Technology Co., Ltd is currently in a long term uptrend where the price is trading 34.9% above its 200 day moving average.
From a valuation standpoint, the stock is 58.9% cheaper than other stocks from the Technology sector with a price to sales ratio of 3.3.
MeiG Smart Technology Co., Ltd's total revenue rose by 13.9% to $255M since the same quarter in the previous year.
Its net income has dropped by 164.6% to $-2M since the same quarter in the previous year.
Finally, its free cash flow fell by 538.4% to $-50M since the same quarter in the previous year.
Based on the above factors, MeiG Smart Technology Co., Ltd gets an overall score of 3/5.
| Industry | Communication Equipment |
|---|---|
| Sector | Technology |
| ISIN | CNE100002Q41 |
| CurrencyCode | CNY |
| Exchange | SHE |
| Dividend Yield | 0.4% |
|---|---|
| Market Cap | 10B |
| Beta | 0.25 |
| Target Price | 39.67 |
| PE Ratio | 53.79 |
MeiG Smart Technology Co., Ltd. engages in the research and development, production, and sale of Internet of Things terminals and wireless communication modules and solutions worldwide. The company's products include smart terminals, 5G and 4G LTE modules, NB-IoT Modules, smart, and automotive modules; and wireless data solutions for use in smart positioning and tracking, payment methods for retailers, blind spot monitoring driving, logistics, and alarm solutions in energy fields. The company was formerly known as Shenzhen MeiG Smart Technology Co., Ltd and changed its name to MeiG Smart Technology Co., Ltd. in December 2017. MeiG Smart Technology Co., Ltd. was founded in 2007 and is headquartered in Shenzhen, China.
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