How to buy HiTech Group Australia shares | HIT historical share price and analysis

How to buy HiTech Group Australia shares

Own HiTech Group Australia shares in just a few minutes.

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HiTech Group Australia Limited is a staffing & employment services business based in Australia. HiTech Group Australia shares (HIT) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. HiTech Group Australia has a trailing 12-month revenue of around $36.4 million.

How to buy shares in HiTech Group Australia

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for HiTech Group Australia . Find the share by name or ticker symbol: HIT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until HiTech Group Australia reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check in on your investment. Congratulations, you own a part of HiTech Group Australia . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

HiTech Group Australia share price

Use our graph to track the performance of HIT stocks over time.

HiTech Group Australia shares at a glance

Information last updated 2021-02-24.
52-week range$0.8141 - $2.4
50-day moving average $1.9807
200-day moving average $1.6884
Target price$1.23
PE ratio 22.234
Dividend yield $0.08 (3.83%)
Earnings per share (TTM) $0.094

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Data updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
Superhero share trading
AUD $5
No
ASX shares, ETFs
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
Bell Direct Share Trading
AUD $15
No
ASX shares, mFunds, ETFs
Exclusive: New customers who open an account with Bell Direct through Finder will pay no brokerage fees on the first five stock or ETF trades until April 30, 2021 (T&Cs apply).
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
IG Share Trading
Finder Award
IG Share Trading
AUD $8 or 0.1%
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
CMC Markets Stockbroking
AUD $11 or 0.1%
No
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.
ANZ Share Investing
AUD 19.95
No
ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
Westpac Online Investing Account
AUD 19.95 or 0.11%
USD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, ETFs
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Is it a good time to buy HiTech Group Australia stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Is HiTech Group Australia under- or over-valued?

Valuing HiTech Group Australia stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of HiTech Group Australia 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

HiTech Group Australia 's P/E ratio

HiTech Group Australia 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 22x. In other words, HiTech Group Australia shares trade at around 22x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

HiTech Group Australia 's EBITDA

HiTech Group Australia 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $4.9 million (£0.0 million).

The EBITDA is a measure of a HiTech Group Australia 's overall financial performance and is widely used to measure a its profitability.

HiTech Group Australia financials

Revenue TTM $36.4 million
Operating margin TTM 12.05%
Gross profit TTM $6.1 million
Return on assets TTM 26.93%
Return on equity TTM 50.11%
Profit margin 9.82%
Book value 0.187
Market capitalisation $81.5 million

TTM: trailing 12 months

HiTech Group Australia share dividends

61%

Dividend payout ratio: 61.11% of net profits

Recently HiTech Group Australia has paid out, on average, around 61.11% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.83% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), HiTech Group Australia shareholders could enjoy a 3.83% return on their shares, in the form of dividend payments. In HiTech Group Australia 's case, that would currently equate to about A$0.08 per share.

HiTech Group Australia 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 3 March 2021 (the "ex-dividend date").

HiTech Group Australia share price volatility

Over the last 12 months, HiTech Group Australia 's shares have ranged in value from as little as $0.8141 up to $2.4. A popular way to gauge a stock's volatility is its "beta".

HIT.AU volatility(beta: 0.65)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while HiTech Group Australia 's is 0.6484. This would suggest that HiTech Group Australia 's shares are less volatile than average (for this exchange).

HiTech Group Australia 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. Its permanent recruitment services comprise the search and selection of candidates for full time employment; and ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects in digital transformation, system development, infrastructure architecture and cloud integration, operation, and supports and project management. The company also offers personnel services to other sectors, such as administration and office support, sales and marketing, and finance. It serves technology companies, banking/financial services companies, and federal and state government departments and agencies. HiTech Group Australia Limited was founded in 1993 and is based in Sydney, Australia.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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