India Globalization Capital Inc. (IGC) is priced at $2.46 after the most recent trading session. At the very opening of the session, the stock price was $1.97 and reached a high price of $2.07, prior to closing the session it reached the value of $1.99. The stock touched a low price of $1.91.
Recently in News on January 13, 2021, IGC Announces Results of its 2020 Annual Stockholders Meeting. India Globalization Capital, Inc. (NYSE AMERICAN: IGC) announces that during its Annual Meeting of Shareholders scheduled for, and convened on January 11, 2021, voting on all matters as disclosed on the Definitive Proxy on Form 14A filed with the SEC on December 8, 2020 were passed. Only stockholders of record on the record date of November 20, 2020, were entitled to and were being requested to vote. You can read further details here
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India Globalization Capital Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.3500 on 02/09/21, with the lowest value was $1.3700 for the same time period, recorded on 01/11/21.
India Globalization Capital Inc. (IGC) full year performance was 227.52%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, India Globalization Capital Inc. shares are logging -45.22% during the 52-week period from high price, and 837.26% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.26 and $4.50.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 10952879 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the India Globalization Capital Inc. (IGC) recorded performance in the market was 27.56%, having the revenues showcasing 41.13% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 85.11M, as it employees total of 31 workers.
Specialists analysis on India Globalization Capital Inc. (IGC)
During the last month, 0 analysts gave the India Globalization Capital Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.5001, with a change in the price was noted +1.1019. In a similar fashion, India Globalization Capital Inc. posted a movement of +91.07% for the period of last 100 days, recording 4,023,170 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for IGC is recording 0.03 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.02.
Trends and Technical analysis: India Globalization Capital Inc. (IGC)
Raw Stochastic average of India Globalization Capital Inc. in the period of last 50 days is set at 73.02%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 95.77%. In the last 20 days, the company’s Stochastic %K was 74.48% and its Stochastic %D was recorded 68.44%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 27.56%. Additionally, trading for the stock in the period of the last six months notably improved by 182.27%, alongside a boost of 227.52% for the period of the last 12 months. The shares increased approximately by 18.45% in the 7-day charts and went up by 5.29% in the period of the last 30 days. Common stock shares were driven by 41.13% during last recorded quarter.