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HiTech Group Australia Limited is currently in a long term uptrend where the price is trading 13.9% above its 200 day moving average.
From a valuation standpoint, the stock is 98.4% cheaper than other stocks from the Industrials sector with a price to sales ratio of 2.0.
HiTech Group Australia Limited's total revenue rose by 19.3% to $19M since the same quarter in the previous year.
Its net income has increased by 16.9% to $2M since the same quarter in the previous year.
Finally, its free cash flow fell by 154.9% to $-576K since the same quarter in the previous year.
Based on the above factors, HiTech Group Australia Limited gets an overall score of 4/5.
| ISIN | AU000000HIT1 |
|---|---|
| Sector | Industrials |
| Industry | Staffing & Employment Services |
| Exchange | AU |
| CurrencyCode | AUD |
| Dividend Yield | 6.2% |
|---|---|
| Target Price | 1.23 |
| Market Cap | 69M |
| Beta | 0.18 |
| PE Ratio | 11.57 |
HiTech Group Australia Limited provides recruitment services for permanent and contract staff to the information and communications technology (ICT) industry in public and private sectors in Australia. Its ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects. The company offers personnel services comprising staffing solutions, office administration, sales and marketing, and financing solutions. HiTech Group Australia Limited serves telco, finance, healthcare, consulting, IT, FMCG sectors, as well as federal and state governments. The company was incorporated in 1993 and is based in Sydney, Australia.
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