Have Comtec Solar Systems Group Insiders Been Selling Stock?

We note that the Comtec Solar Systems Group Limited (HKG:712) Executive Chairman, Yi Zhang John, recently sold HK$405k worth of stock for HK$0.10 per share. However we note that the sale only shrunk their holding by 3.0%.

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Comtec Solar Systems Group Insider Transactions Over The Last Year

The insider, Loong Cheong Chang, made the biggest insider sale in the last 12 months. That single transaction was for HK$3.8m worth of shares at a price of HK$0.10 each. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of HK$0.11. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 34% of Loong Cheong Chang's holding.

In the last year Comtec Solar Systems Group insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Comtec Solar Systems Group

I will like Comtec Solar Systems Group better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Comtec Solar Systems Group

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Comtec Solar Systems Group insiders own 51% of the company, worth about HK$57m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Comtec Solar Systems Group Insiders?

An insider sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To that end, you should learn about the 5 warning signs we've spotted with Comtec Solar Systems Group (including 2 which are a bit concerning).

But note: Comtec Solar Systems Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.