The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Primech Holdings Ltd’s current trading price is -81.05% away from its 52-week high, while its distance from the 52-week low is 61.63%. The stock’s price range for this period has been between $0.49 and $4.18 The company’s shares, which are part of the Industrials sector, had a trading volume of approximately 0.5 million for the day, a number notably lower than the average daily volume of 1.94 million over the last three months.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Primech Holdings Ltd (PMEC) has experienced a quarterly rise of 30.89% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 30.14M and boasts a workforce of 2744 employees.
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Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.6278, with a change in price of +0.1469. Similarly, Primech Holdings Ltd recorded 1,288,967 in trading volume during the last 100 days, posting a change of +22.77%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for PMEC stands at 1.39. Similarly, the long-term debt-to-equity ratio is also 0.50.
PMEC Stock Stochastic Average
As of today, Primech Holdings Ltd’s raw stochastic average for the last 50 days stands at 54.91%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 81.85%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 62.54% and 53.04%, respectively.
PMEC Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -67.00%. However, over the last six months, the performance has been stronger by -79.27%. The price of PMEC increased 27.72% over the last 30 days. And in the last five days, it has surged by 0.25%.
