Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Primech Holdings Ltd’s current trading price is -76.59% away from its 52-week high, while its distance from the 52-week low is 98.29%. The stock’s price range during this period has varied between $0.49 and $4.15. The company, active in the Industrials sector, saw a trading volume of around 2.73 million for the day, considerably higher average daily volume of 0.53 million observed over the last three months.
Primech Holdings Ltd’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $4.15 on 03/28/24, and the lowest price during that time was $0.49, recorded on 07/25/24.
How Financial Performance Impacts Market Capitalization
Primech Holdings Ltd (PMEC) has experienced a quarterly rise of 33.56% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 36.97M and boasts a workforce of 2744 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.7368, with a change in price of +0.3086. Similarly, Primech Holdings Ltd recorded 383,487 in trading volume during the last 100 days, posting a change of +46.55%.
How PMEC’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation 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, the raw stochastic average of Primech Holdings Ltd over the last 50 days is at 73.36%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 72.18%. Further, the company’s Stochastic %K and %D values for the last 20 days were 47.88% and 36.70%, respectively.
PMEC Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded an increase of 43.86%. However, over the last six months, the performance has been weaker by 56.21%. The price of PMEC increased 39.88% over the last 30 days. And in the last five days, it has surged by 39.38%.
