The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data.
The stock market performance of Ming Shing Group Holdings Ltd has been fairly unsteady.
52-week price history of MSW Stock
The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Ming Shing Group Holdings Ltd’s current trading price is -84.40% away from its 52-week high, while its distance from the 52-week low is 39.83%. The stock’s price range for this period has been between $1.18 and $10.58. The Industrials sector company’s shares saw a trading volume of about 3.67 million for the day, which was higher than the average daily volume of 0.35 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Ming Shing Group Holdings Ltd (MSW) has experienced a quarterly decline of -62.84% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 21.40M and boasts a workforce of 35 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.6243, with a change in price of -2.1400. Similarly, Ming Shing Group Holdings Ltd recorded 285,812 in trading volume during the last 100 days, posting a change of -56.46%.
MSW’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for MSW stands at 7.69. Similarly, the long-term debt-to-equity ratio is also 2.85.
MSW Stock Stochastic Average
As of today, the raw stochastic average of Ming Shing Group Holdings Ltd over the last 50 days is at 8.80%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 25.13%. Further, the company’s Stochastic %K and %D values for the last 20 days were 19.25% and 17.32%, respectively.
