Primech Holdings Ltd (NASDAQ:PMEC) does about 518.56K shares in volume on a normal day but saw 963419 shares change hands in the recent trading day. The company now has a market cap of 29.68M USD. Its current market price is $0.78, marking an increase of 4.26% compared to the previous close of $0.75. The 52 week high reached by this stock is $4.15 whilst the lowest price level in 52 weeks is $0.49.
Primech Holdings Ltd (PMEC) has a 20-day trading average at $0.7090 and the current price is -81.20% off the 52-week high compared with 59.18% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7264 and its 200-day simple moving average is $0.6797. If we look at the stock’s price movements over the week, volatility stands at 8.11%, which increases to 12.99% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.55 to suggest the stock is neutral.
The current price level is 9.99%, 7.38%, and 14.76% away from its SMA20, SMA50, and SMA200 respectively, with the PMEC price moving below the 50-day SMA on current market day. Primech Holdings Ltd (PMEC) stock is up 14.29% over the week and 5.06% over the past month. Its price is 15.49% year-to-date and -61.58% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
Outstanding shares total 35.55M with insiders holding 82.06% of the shares and institutional holders owning 0.21% of the company’s common stock. The company has a return on investment of -14.43% and return on equity of -27.25%. The beta has a value of 2.22. Price to book ratio is 1.85 and price to sales ratio is 0.41.
