Penny Stock Pick - AHCI
The crazy oil price and miserable housing market are turning the whole economy into recession. However there is still one industry that is still booming - healthcare. So today's penny stock to take a look is Allied Healthcare International Inc. (AHCI), a New York based company providing health care staffing service in United Kingdom. With healthcare staff in high demand, this is a great growth play. And earlier this week the company announced great new as it secured a long term contract for two years.
Technical
The technical chart shows positive sign as stock has been trading above 50 day moving average. In addition with KD going up the stock is probably ready for a rally.
Insider
The insider have been selling shares and the insititions have also been selling shares in the latest quarter. Not really a good sign.
Financial
Although the revenue has been going down for the past few years, the company is able to generate net income of $66 million in the last year. The cash level at this point looks sufficent.
Conclusion
This is a great stock in the right sector with stable finance. Definitely a great buy.
Penny Stock Score (1~5) 5 is highest
1. Industry (Healthcare): 5
2. News: 5
3. Technical: 4
4. Insider: 2
5. Financial: 4
Recommendation: Buy
Technical
The technical chart shows positive sign as stock has been trading above 50 day moving average. In addition with KD going up the stock is probably ready for a rally.
Insider
The insider have been selling shares and the insititions have also been selling shares in the latest quarter. Not really a good sign.
Financial
Although the revenue has been going down for the past few years, the company is able to generate net income of $66 million in the last year. The cash level at this point looks sufficent.
Conclusion
This is a great stock in the right sector with stable finance. Definitely a great buy.
Penny Stock Score (1~5) 5 is highest
1. Industry (Healthcare): 5
2. News: 5
3. Technical: 4
4. Insider: 2
5. Financial: 4
Recommendation: Buy