Q: STOCK DOING WELL. RECENTLY DIPPED. ANY CONCERNS?. YOUR OPINION PLEASE?
5i Research Answer:
KITS recently reported preliminary results which were solid, and the company said 'business is off to a strong start in 2024' and said it had a 'healthy cash balance'. This was on April 4. Since then there has been no other news, but the market has been very weak in April and small caps have been hit. We have no reason for any extra concerns, other than the typical small cap and market risks. Strong growth is expected this year and next.