New Lifetime High Reached: FleetMatics Group (FLTX)

Trade-Ideas LLC identified FleetMatics Group (FLTX) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

FleetMatics Group

(

FLTX

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified FleetMatics Group as such a stock due to the following factors:

  • FLTX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $34.2 million.
  • FLTX has traded 78,201 shares today.
  • FLTX is trading at a new lifetime high.

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More details on FLTX:

Fleetmatics Group PLC provides software-as-a-service fleet management solutions for small and medium-sized businesses (SMBs) worldwide. FLTX has a PE ratio of 53. Currently there are 6 analysts that rate FleetMatics Group a buy, 1 analyst rates it a sell, and 2 rate it a hold.

The average volume for FleetMatics Group has been 386,100 shares per day over the past 30 days. FleetMatics Group has a market cap of $2.3 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 0.19 and a short float of 17.9% with 7.69 days to cover. Shares are up 68% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates FleetMatics Group as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 17.3%. Since the same quarter one year prior, revenues rose by 21.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • FLTX's debt-to-equity ratio is very low at 0.08 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 3.21, which clearly demonstrates the ability to cover short-term cash needs.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Software industry and the overall market, FLEETMATICS GROUP PLC's return on equity exceeds that of both the industry average and the S&P 500.
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Software industry average. The net income increased by 7.6% when compared to the same quarter one year prior, going from $8.20 million to $8.82 million.
  • Net operating cash flow has significantly increased by 120.02% to $30.08 million when compared to the same quarter last year. In addition, FLEETMATICS GROUP PLC has also vastly surpassed the industry average cash flow growth rate of -10.51%.

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