In a report released on May 2, Ross Barrows from Wilsons maintained a Buy rating on DUG Technology Ltd (DUG – Research Report), with a price target of A$1.96.
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Barrows covers the Technology sector, focusing on stocks such as Qoria, Nextdc Limited, and EML Payments. According to TipRanks, Barrows has an average return of 10.1% and a 47.06% success rate on recommended stocks.
In a report released yesterday, Shaw and Partners also maintained a Buy rating on the stock with a A$3.00 price target.
Based on DUG Technology Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$28.75 million and a GAAP net loss of A$3.97 million. In comparison, last year the company earned a revenue of A$29.99 million and had a net profit of A$800 thousand
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DUG in relation to earlier this year.
Read More on AU:DUG:
- DUG Technology Ltd’s Promising Growth Trajectory Justifies Buy Rating Amid Robust Orderbook and Margin Expansion
- DUG Technology Reports Strong Software Growth and Expands Market Presence
- DUG Technology Appoints Dr. Fabio Mancini as Regional Chief Geophysicist
- DUG Technology Director Increases Stake in Company