At time of writing, Vita Group Limited [ASX:VTG] is up 22.4% today, trading at $1.065 per share.
Vita Group has a diverse range of business interests, operating Telstra stores and Business Centres, as well as providing ICT solutions, clothing and skincare products and stores.
The rise in its share price offsets a small portion of some steep losses sustained this year, down from a high of $1.91 on January 16:
Vita Group’s share price rises on positive half year
Vita Group’s share price reacted to a positive HY forecast estimating EBITDA of between $23 million and $24.5 million. This is up 15% to 23% on the previous year.
As a result, the stock price posted its highest intraday per cent gain since August 2017.
Where to for Vita from here?
While it has suffered from a year long slide, Vita Group’s P/E ratio now sits at potentially attractive 6.2.
It has also recently offered a fully franked dividend of $.044.
Finally, its return on equity of 24.1% is actually quite strong for the sector it operates in with a median of 12.2%.
For Money Morning