HiTech Group Australia (ASX:HIT) Stock Price Up 3.7%

HiTech Group Australia Limited (ASX:HIT) rose 3.7% during mid-day trading on Friday . The stock traded as high as A$1.12 ($0.79) and last traded at A$1.12 ($0.79), approximately 18,500 shares traded hands during trading. The stock had previously closed at A$1.08 ($0.77).

The company’s 50 day simple moving average is A$1.15. The company has a market capitalization of $42.62 million and a P/E ratio of 14.74.

The business also recently disclosed a Final dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, August 28th. This represents a dividend yield of 3.33%. HiTech Group Australia’s dividend payout ratio is presently 105.26%.

About HiTech Group Australia (ASX:HIT)

HiTech Group Australia Limited provides recruitment services for permanent and contract staff to the information and communications technology (ICT) industry in public and private sectors in Australia. Its permanent recruitment services comprise the search and selection of candidates for full time employment; and ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects in system development, infrastructure support and cloud integration, operation, and other skill sets.

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