How to buy HiTech Group Australia (HIT) shares
Learn how to easily invest in HiTech Group Australia shares.
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HiTech Group Australia 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 in Australian dollars. HiTech Group Australia has a trailing 12-month revenue of around $53 million. If you're looking to buy shares, check out the steps below.
How to buy shares in HiTech Group Australia
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- 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.
- 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. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- 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.
- Check on your investment. Congratulations, you own a part of HiTech Group Australia . Optimise your portfolio by tracking how your stock and 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 affect your stock.
What's in this guide?
- HiTech Group Australia key stats
- Compare share trading platforms
- Is HiTech Group Australia stock a buy or sell?
- HiTech Group Australia performance over time
- Are HiTech Group Australia shares over-valued?
- HiTech Group Australia 's financials
- How volatile are HiTech Group Australia shares?
- Does HiTech Group Australia pay a dividend?
- Other common questions
HiTech Group Australia stock price (ASX:HIT)Use our graph to track the performance of HIT stocks over time.
HiTech Group Australia shares at a glance
|52-week range||$1.74 - $2.3352|
|50-day moving average||$1.9285|
|200-day moving average||$2.0272|
|Dividend yield||$0.1 (5.65%)|
|Earnings per share (TTM)||$0.1|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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. However, this is not a recommendation. 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.
HiTech Group Australia price performance over time
|1 week (2022-06-20)||2.82%|
|1 month (2022-05-27)||-8.54%|
|3 months (2022-03-25)||-8.54%|
|6 months (2021-12-24)||-10.34%|
|1 year (2021-06-25)||-9.00%|
|2 years (2020-06-26)||28.17%|
|3 years (2019-06-27)||80.20%|
|5 years (2017-06-27)||230.91%|
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 18x. In other words, HiTech Group Australia shares trade at around 18x 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 $6 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||$53 million|
|Operating margin TTM||11.06%|
|Gross profit TTM||$7.1 million|
|Return on assets TTM||34.94%|
|Return on equity TTM||55.82%|
|Market capitalisation||$72.7 million|
TTM: trailing 12 months
HiTech Group Australia share dividends
Dividend payout ratio: 100% of net profits
Recently HiTech Group Australia has paid out, on average, around 100% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.65% 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 5.65% return on their shares, in the form of dividend payments. In HiTech Group Australia 's case, that would currently equate to about A$0.1 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 2022 (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 $1.74 up to $2.3352. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while HiTech Group Australia 's is 0.8053. 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 incorporated in 1993 and is based in Sydney, Australia.
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