Paragon Care Limited (PGC) Declined -1.14% on Jun 15

June 15, 2018 - By Marie Mckinney

Shares of Paragon Care Limited (ASX:PGC) last traded at 0.87, representing a move of -1.14%, or -0.01 per share, on volume of 307,385 shares. After opening the trading day at 0.88, shares of Paragon Care Limited traded in a close range. Paragon Care Limited currently has a total float of 283.65M shares and on average sees 377,891 shares exchange hands each day. The stock now has a 52-week low of 0.69 and high of 0.96.

Why More Investors Are Looking Into S&P/ASX 200 Stocks

Australia takes pride with good corporate governance, which is why it is one of Asia’s fastest growing economies today. A nation’s good corporate governance improves its growth potentials as it lures domestic and foreign investors alike to bank on its equity market. CG Watch, which publishes ranks top Asian markets in terms of corporate governance biannually, has included Australia in its recent list.

The Australian Equity Market

Paragon Care Limited is traded on the The Australian Securities Exchange (ASX) one of the biggest stock exchanges in Asia. And Paragon Care Limited also included in its list. As of May 2014, over 2,000 companies are listed on the ASX, boasting with a total market capitalization of almost A$2 trillion.

One of the benchmark indices in Australia is the S&P/ASX 200, which tracks as much as 200 most actively traded stocks on the ASX.

The S&P/ASX 200

The S&P/ASX 200 carries on from All Ordinaries, which was formed in January 1980 to serve as the main Australian benchmark index, when it was established in April 2000. It had started at 3,133.30 points.

Continuing from the history of All Ordinaries, the S&P/ASX 200 had hit its all-time low of 1,358.50 points in November 1992. Eventually, it was able to recover, hitting its all-time high of 6,828.70 points during the same month in 2007. In February of that year, the S&P/ASX 200 had first reached the 6,000 mark. Investors had flocked the ASX that time, seeking for safe-haven assets in preparation for the Global Financial Crisis of 2008 amid early signs pointing out to its onslaught. Australia have always boasted with a compelling borrowing environment, which is why investors have always relied to its economy for valuable investment growth.

The S&P/ASX 200 is rebalanced quarterly by a panel of five members, the Index Committee. The review happens on the 16th of every quarter-end month— March, June, September, and December. Up to 200 companies make up the S&P/ASX, depending on their liquidity, market capitalization, and other factors. Paragon Care Limited liquidity gives it an ability to perform the obligations with ease.

The S&P/ASX 200 is a free-float market-capitalization-weighted index, which means that stocks are evaluated based on their respective market capitalizations with respect to their share prices. Given this, stocks held by venture capitalists and the government are excluded since they are not often traded on the ASX.

When the components of the S&P/ASX 200 were last reviewed on September 16, six stocks had been removed while six new stocks had been included. Roughly 40% of the index is composed of the financial sector.

The S&P/ASX 200 represents about 80% of the total market valuation on the ASX, which is why it is an important indicator of the Australian economy. Similarly, it has a huge impact on the entire Asian economy.

Investors can surely benefit from the low interest rates and a healthy equity market in Australia. Paragon Care Limited has relatively good liquidity. That being said, investing in ASX stocks is highly recommended for those who are seeking higher near-term and long-term returns alike. Investors prefer the companies like Paragon Care Limited where they can easily see its liquidity ratio.

More notable recent Paragon Care Limited (ASX:PGC) news were published by: which released: “Should you buy Paragon Care Ltd. (ASX:PGC) after its acquisition spree?” on June 08, 2018, also with their article: “3 top small cap healthcare shares on my watchlist” published on June 15, 2018, published: “3 exciting small cap dividend shares” on June 14, 2018. More interesting news about Paragon Care Limited (ASX:PGC) were released by: and their article: “3 small caps with big growth plans” published on June 14, 2018 as well as‘s news article titled: “Why these 4 ASX shares are ending the week with a bang” with publication date: June 08, 2018.

Paragon Care Limited supplies durable medical equipment, medical devices, and consumable medical products to the acute, aged, primary, community, and hospital care markets in Australia and New Zealand. The company has market cap of $246.77 million. It provides solutions for beddings, bedding furniture, emergency trolleys, medical carts, stainless steel medical equipment, storage systems, material handling products, surgical instruments, clinical refrigerators, lifting systems, newborn hearing screening equipment, diagnostic and intraoperative ultrasound equipment, dermatologic and cosmetic medicines, temperature management solutions, and air management solutions, as well as a range of consumable medical product needs. It has a 15.54 P/E ratio. The firm was formerly known as Citrofresh International Limited and changed its name to Paragon Care Limited in June 2008.

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