Long

Long Cartrack (CTK) Daily

509
Cartrack is an interesting stock . It has already shown great recovery of its share price even though the Corona Virus Lockdown is not over in South Africa. Cartrack has an overall bullish slope and the 40 EMA also confirms this overall bullish pattern for Cartrack.

Fundamentals :

Current ratio - 1,3:1 ( Current assets is enough to cover Current Liabilities in the short run)
Gross Margin - 71,37% ( This is a relative high margin that indicates great profitability)
Net Margin - 20,55% ( After all expenses is paid and done the company has a strong profit figure)
P/E Ratio - 18,534 - The company is slightly overpriced due to the fact it passes 15 , but an higher P/E is not unusual for a Growth Company

This is a long term investment option ( 3-5 years)

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