Small Cap Stocks Down Under 22 January 2021: Eroad, Enero Group, Paragon Care
Eroad: A smooth but uneventful ride
In today's edition of Small Cap Stocks Down Under, headquartered in Auckland New Zealand, Eroad is a Software as a Service (SaaS) business with a niche: vehicle fleet management and related support features. The main story here is the difficulty and expense many businesses have in keeping track of their fleet of vehicles. Eroad’s solution to this problem is a proprietary combination of hardware, cloud-based software and live customer service and support. COVID-19 has not been kind to companies in the fleet management business as clients down-sized the number of vehicles in operation. With the world finally seeing the light at the tunnel, does this mean its time for investors to hit the Eroad?
Also in today's edition, a look at advertising agency the Enero Group (ASX: EGG) and medical equipment developer Paragon Care (ASX: PGC).
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Click here to read the previous edition of Small Cap Stocks Down Under published 15 January 2021