FONET

FONET - Fonet Information Technologies shares exhibit a technically negative outlook, with continued selling pressure evident. Prices below the 22.21 level are considered negative, and unless the price surpasses this level, the selling pressure is expected to persist. From a fundamental perspective, accounting values are negative. Analyzing the market value relative to the price-to-earnings ratio and book value, it is significantly higher compared to the sector average. Data shows that the foreign ownership percentage is at a mere 0.03% domestically. Given the lack of foreign investors and the negative technical and fundamental indicators, the stock is deemed unsuitable for investment according to analysis reports.