Stock Watch: Qfac Pick of the Day – Africa Prudential Registrars Plc

By Quantitative Financial Analytics

Quantitative Financial Analytics (Qfac) pick of the day belongs to AFRICA PRUDENTIAL REGISTRARS PLC.

Although the stock is not high on our YTD performance chart, coupled with the fact that it has a low alpha and a beta of less than 1, our technical trend indicator is pointing to a Buy signal.

African prudential is into share registration and investor service, a service they have rendered for over 4 decades. The company manages about 70 client registers

Technical indicators:

• Above its 5, 25, 50 and 100 day moving averages
• 5 new highs in the last week
• Recently traded at N4.18 with a 50-day moving average of N3.89
• Alpha: 21
• Beta: 0.6
• 5-Day moving average of 4.14 has crossed above the 25-Day moving average of 4

Fundamental factors:

• Market Cap N8.36 billion
• P/E Ratio: 8.2
• YTD Return: 52.28%
• Dividend Yield 7.18

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