HIT

HITECH GRP FPO [HIT]
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. The company's ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects. It 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.
Industrials · ASX Small Cap
$1.0000 +12.4%

Updated 21 Jul 2026 · Signals refresh every scan

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Active Signals

Bullish Signals

  • MACD momentum is picking up steam
  • Pressing against the upper Bollinger Band — extended and may need to cool off
  • Trading above both moving averages — the trend is your friend here
  • Volume surging at 5.7x normal while price climbs — real buying conviction behind this move
  • Just broke above 20-day resistance — a level that was capping price, now cleared
  • Beating the Small Ords index — relative strength of 1.19, so it's outpacing the pack
  • Volatility is expanding fast — choppy price action, so buckle up
  • Cash positive / operating cashflow positive
  • Low P/S ratio (0.6x)
  • Piotroski F-Score strong (7/9, low-confidence approx)
  • Near 52-week low (7% of range)
  • Small-cap ($20-100M)
  • Earnings in sharp decline (-41% QoQ)
  • CANSLIM A: Moderate annual earnings growth (17%)
  • CANSLIM S: Tight float (22%)
  • Strong return on equity (45%)
  • Sentiment is mixed — no strong consensus either way
  • This one has been in freefall — down 51% over the past year
  • Poor risk-adjusted returns — Sharpe of -1.6 means lots of volatility for not much reward
  • Earnings are trending the right way — 2 consecutive improvements
  • RBA hiking (-3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Post-earnings drift: negative surprise (SUE -5)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • The bigger volume days are the down days — volume-weighted momentum is negative (-0.50%/day)
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Recent Catalysts

NONE HiTech to Acquire Hudson Global Australia
HIGH HiTech Submits Proposal for Acquisition of Business

Recent ASX Announcements

2026-07-19 HiTech to Acquire Hudson Global Australia PRICE SENSITIVE
2026-06-23 HiTech Submits Proposal for Acquisition of Business PRICE SENSITIVE

Key Metrics

$37.6M
Market Cap
19K
Avg Volume
5.7x
Vol Ratio
$0.80 — $2.02
52-Week Range
N/A
Short Interest
N/A
Cash Runway
44.8%
ROE
7.5%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: -41%
AAnnual EarningsweakCAGR: 17%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 22%
LLeader vs LaggardlaggardRS: -1
IInstitutional SponsorshipweakInst: 2%
MMarket DirectionneutralNeutral

Sector: Industrials

90 tickers in this sector

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