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HIT

HiTech Group Australia ASX:HIT Stock Report

Last Price

AU$1.97

Market Cap

AU$82.8m

7D

0%

1Y

-1.5%

Updated

28 Nov, 2022

Data

Company Financials
HIT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

HIT Stock Overview

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.

HiTech Group Australia Limited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for HiTech Group Australia
Historical stock prices
Current Share PriceAU$1.97
52 Week HighAU$2.25
52 Week LowAU$1.74
Beta0.72
1 Month Change0.51%
3 Month Change-8.37%
1 Year Change-1.50%
3 Year Change71.30%
5 Year Change131.77%
Change since IPO207.81%

Recent News & Updates

Here's Why We Think HiTech Group Australia (ASX:HIT) Is Well Worth Watching

Nov 01
Here's Why We Think HiTech Group Australia (ASX:HIT) Is Well Worth Watching

Recent updates

Here's Why We Think HiTech Group Australia (ASX:HIT) Is Well Worth Watching

Nov 01
Here's Why We Think HiTech Group Australia (ASX:HIT) Is Well Worth Watching

Here's Why I Think HiTech Group Australia (ASX:HIT) Is An Interesting Stock

Jan 20
Here's Why I Think HiTech Group Australia (ASX:HIT) Is An Interesting Stock

Here's Why I Think HiTech Group Australia (ASX:HIT) Might Deserve Your Attention Today

Jul 28
Here's Why I Think HiTech Group Australia (ASX:HIT) Might Deserve Your Attention Today

Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?

Apr 17
Does HiTech Group Australia (ASX:HIT) Deserve A Spot On Your Watchlist?

Estimating The Fair Value Of HiTech Group Australia Limited (ASX:HIT)

Mar 01
Estimating The Fair Value Of HiTech Group Australia Limited (ASX:HIT)

Our View On HiTech Group Australia's (ASX:HIT) CEO Pay

Feb 11
Our View On HiTech Group Australia's (ASX:HIT) CEO Pay

Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Jan 21
Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Should You Be Adding HiTech Group Australia (ASX:HIT) To Your Watchlist Today?

Dec 31
Should You Be Adding HiTech Group Australia (ASX:HIT) To Your Watchlist Today?

HiTech Group Australia (ASX:HIT) Has Rewarded Shareholders With An Exceptional 703% Total Return On Their Investment

Dec 10
HiTech Group Australia (ASX:HIT) Has Rewarded Shareholders With An Exceptional 703% Total Return On Their Investment

Should You Rely On HiTech Group Australia's (ASX:HIT) Earnings Growth?

Jul 17
Should You Rely On HiTech Group Australia's (ASX:HIT) Earnings Growth?

Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Jun 26
Is HiTech Group Australia Limited's (ASX:HIT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Shareholder Returns

HITAU Professional ServicesAU Market
7D0%0.5%1.2%
1Y-1.5%-3.2%-2.9%

Return vs Industry: HIT exceeded the Australian Professional Services industry which returned -3.2% over the past year.

Return vs Market: HIT exceeded the Australian Market which returned -2.9% over the past year.

Price Volatility

Is HIT's price volatile compared to industry and market?
HIT volatility
HIT Average Weekly Movement7.1%
Professional Services Industry Average Movement6.4%
Market Average Movement9.0%
10% most volatile stocks in AU Market16.1%
10% least volatile stocks in AU Market4.2%

Stable Share Price: HIT is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HIT's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199318Elias Hazourihttps://www.hitechaust.com

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 also offers personnel services to other sectors, such as office administration, sales and marketing, and finance; and digital services to government departments to initiate and complete digital transformation projects.

HiTech Group Australia Limited Fundamentals Summary

How do HiTech Group Australia's earnings and revenue compare to its market cap?
HIT fundamental statistics
Market CapAU$82.84m
Earnings (TTM)AU$4.40m
Revenue (TTM)AU$62.98m

18.8x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HIT income statement (TTM)
RevenueAU$62.98m
Cost of RevenueAU$53.68m
Gross ProfitAU$9.30m
Other ExpensesAU$4.90m
EarningsAU$4.40m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin14.77%
Net Profit Margin6.99%
Debt/Equity Ratio0%

How did HIT perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

103%

Payout Ratio

Does HIT pay a reliable dividends?

See HIT dividend history and benchmarks
When do you need to buy HIT by to receive an upcoming dividend?
HiTech Group Australia dividend dates
Ex Dividend DateDec 08 2022
Dividend Pay DateJan 12 2023
Days until Ex dividend9 days
Days until Dividend pay date44 days

Does HIT pay a reliable dividends?

See HIT dividend history and benchmarks