Kitron breakout falling wedgebull on kitron for september! been consolidating for quite some time now. Pareto Securities adds Kitron in their "September portfolio"
KITO trade ideas
Kitron $KIT ambitious guiding for 2025 Kitron increases its 2025 revenue target from NOK 5 billion to NOK 6 billion.
The company also raises its 2025 EBIT margin target from 7 to 8 percent.
Market reconsidering previous valuation of Kitron $KIT Enthusiastic trading ahead of Kitrons Q3 report which is scheduled for October 20th
Kitron $KIT.OL breaking up from multiyear uptrend after great Q2Kitron: Q2 2020 – Record performance
10.7.2020 12:46:05 CEST | GlobeNewswire
(Excerpt)
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(2020-07-10) Kitron today reported strong growth and record profit for the second quarter driven by Defense/Aerospace, Medical devices and Industry sectors.
Kitron's revenue for the second quarter was NOK 1 041 million, an increase of 21 per cent compared to last year. Growth adjusted for currency effects was 11 per cent.
Profitability expressed as EBIT margin was 8.5 per cent in the second quarter, compared to 6.6 per cent in the same quarter last year.
The order backlog ended at NOK 2 102 million, an increase of 45 per cent compared to last year.
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KIT - long, 6 month hold. A solid norwegian profitable growth company with dividend payouts. Mostly sideways, expect breakout on Q4 2019 i feb or Q1 2020 in may when they release 2020 guidance. Target: 12kr, +25% from november to may is the bet.
