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. Ming Shing Group Holdings Ltd’s current trading price is -67.20% away from its 52-week high, while its distance from the 52-week low is 63.68%. The stock’s price range during this period has varied between $2.12 and $10.58. The company, active in the Industrials sector, saw a trading volume of around 2.77 million for the day, considerably higher average daily volume of 0.1 million observed over the last three months.
Ming Shing Group Holdings Ltd had a pretty Dodgy run when it comes to the market performance.
How Financial Performance Impacts Market Capitalization
Ming Shing Group Holdings Ltd (MSW) has experienced a quarterly rise of 0.58% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 45.01M.
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 4.39, with a change in price of -0.85. Similarly, Ming Shing Group Holdings Ltd recorded 144,935 in trading volume during the last 100 days, posting a change of -19.68%.
How MSW’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 MSW stands at 9.45. Similarly, the long-term debt-to-equity ratio is also 3.45.
MSW Stock Stochastic Average
As of today, the raw stochastic average of Ming Shing Group Holdings Ltd over the past 50 days is 30.85%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 40.43%. Additionally, the Stochastic %K and %D values for the company were 32.27% and 27.04%, respectively, over the past 20 days.
MSW Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view.
