A “Trading Statement” from “technology focussed consultancy and staffing business”, Parity Group (PTY) – and the shares currently slightly ahead, closer to 7p. Good news then? Well, they were close to 10p at the start of November and more than 15p in the summer…
In July consultancy services and staffing group Parity (PTY) was emphasising “an encouraging sales pipeline from both existing and new customers, gives us confidence”, in September it was “we are experiencing a short-term client-side delay on one large contract… Without any further delays, we expect a stronger second half, in line with the group's traditional seasonality, and to deliver on current expectations for the year as a whole”. Today a further “Trading Update”…
There can be said to be reason to celebrate as far as the Parity shares are concerned on a technical basis. This is largely on the basis that the stock has recovered its 200 day moving average at 9.27p on a weekly close for the first time in nearly two years.
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