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Launch Tech Company Limited is currently in a long term uptrend where the price is trading 12.8% above its 200 day moving average.
From a valuation standpoint, the stock is 69.0% cheaper than other stocks from the Consumer Cyclical sector with a price to sales ratio of 1.5.
Launch Tech Company Limited's total revenue rose by 31.0% to $678M since the same quarter in the previous year.
Its net income has increased by 46.2% to $-94M since the same quarter in the previous year.
Based on the above factors, Launch Tech Company Limited gets an overall score of 4/5.
| ISIN | CNE1000000V6 |
|---|---|
| Sector | Consumer Cyclical |
| Industry | Auto Parts |
| CurrencyCode | HKD |
| Exchange | HK |
| PE Ratio | 14.18 |
|---|---|
| Beta | -0.58 |
| Target Price | 10.514 |
| Market Cap | 5B |
| Dividend Yield | 5.6% |
Launch Tech Company Limited, together with its subsidiaries, provides products and services to the automotive aftermarket and the automobile industry in the People's Republic of China and internationally. It operates through three segments: Automotive Diagnosis, Europe Overseas sales, and U.S. Overseas Sales. The company is involved in the research and development, production, and sale of automotive diagnostic and inspection products; car diagnosis, testing, and maintenance equipment; automotive diagnosis, inspection, repair, and maintenance software; auto electronic products; computer hardware, software, and information system software; and computer network engineering, as well as development and consulting of computer technology; import and export business; development and distribution of computer software and hardware technology; and computer network projects, computer graphic design, graphic design, and corporate image planning businesses. It also provides consulting services for electronic products and technical; communication equipment; internet information consultation services; information network services; agent services for import and export of various commodities and technologies; big data, information, and internet technology services; software services; and internet and related services. In addition, the company engages in research and development of intelligent technology and car sharing technology; development of application software; and research, development, production, sale, and rental of electronic products. The company was founded in 1992 and is headquartered in Shenzhen, China.
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