One Comtec Solar Systems Group Insider Has Reduced Their Stake

From what we can see, insiders were net sellers in Comtec Solar Systems Group Limited's (HKG:712 ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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The Last 12 Months Of Insider Transactions At Comtec Solar Systems Group

The Executive Chairman, Yi Zhang John, made the biggest insider sale in the last 12 months. That single transaction was for HK$411k worth of shares at a price of HK$0.14 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (HK$0.11). So it may not tell us anything about how insiders feel about the current share price. Yi Zhang John was the only individual insider to sell over the last year.

Yi Zhang John sold a total of 9.00m shares over the year at an average price of CN¥0.12. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Comtec Solar Systems Group

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Comtec Solar Systems Group insiders own 50% of the company, currently worth about HK$60m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Comtec Solar Systems Group Insiders?

It doesn't really mean much that no insider has traded Comtec Solar Systems Group shares in the last quarter. While we feel good about high insider ownership of Comtec Solar Systems Group, we can't say the same about the selling of shares. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 2 warning signs for Comtec Solar Systems Group (of which 1 makes us a bit uncomfortable!) you should know about.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.