The public float for PMEC is 4.26M, and currently, short sellers hold a 0.98% ratio of that floaft. The average trading volume of PMEC on April 08, 2024 was 344.58K shares.
PMEC) stock’s latest price update
The stock price of Primech Holdings Ltd (NASDAQ: PMEC) has dropped by -14.21 compared to previous close of 0.89. Despite this, the company has seen a fall of -41.09% in its stock price over the last five trading days.
PMEC’s Market Performance
PMEC’s stock has fallen by -41.09% in the past week, with a monthly drop of -71.96% and a quarterly drop of -62.01%. The volatility ratio for the week is 18.95% while the volatility levels for the last 30 days are 28.66% for Primech Holdings Ltd The simple moving average for the past 20 days is -70.76% for PMEC’s stock, with a -66.90% simple moving average for the past 200 days.
PMEC Trading at -68.14% from the 50-Day Moving Average
After a stumble in the market that brought PMEC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.82% of loss for the given period.
Volatility was left at 28.66%, however, over the last 30 days, the volatility rate increased by 18.95%, as shares sank -66.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -58.02% lower at present.
During the last 5 trading sessions, PMEC fell by -41.09%, in comparison to the 20-day moving average, which settled at $2.5242. In addition, Primech Holdings Ltd saw -68.34% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PMEC
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.15 for the gross margin
The net margin for Primech Holdings Ltd stands at -0.04. The total capital return value is set at -0.12. Equity return is now at value -5.41, with -1.24 for asset returns.
Based on Primech Holdings Ltd (PMEC), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at -0.14. The debt to equity ratio resting at 2.55. The interest coverage ratio of the stock is -2.91.
Currently, EBITDA for the company is 1.96 million with net debt to EBITDA at 6.78. When we switch over and look at the enterprise to sales, we see a ratio of 0.58. The receivables turnover for the company is 4.05for trailing twelve months and the total asset turnover is 1.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In a nutshell, Primech Holdings Ltd (PMEC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
