Primech (NASDAQ:PMEC) Trading Down 4.5% – Here’s What Happened
by Amy Steele · The Cerbat GemPrimech Holdings Ltd. (NASDAQ:PMEC – Get Free Report) was down 4.5% on Thursday . The company traded as low as $0.55 and last traded at $0.6497. Approximately 28,870,388 shares were traded during trading, an increase of 85,260% from the average daily volume of 33,822 shares. The stock had previously closed at $0.68.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Primech in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
View Our Latest Report on Primech
Primech Trading Up 7.7%
The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The stock has a 50-day simple moving average of $0.70 and a 200 day simple moving average of $1.01.
Primech (NASDAQ:PMEC – Get Free Report) last posted its earnings results on Monday, March 30th. The company reported ($0.02) EPS for the quarter. The business had revenue of $19.03 million during the quarter.
Primech Company Profile
Primech Holdings Ltd. provides facilities and stewarding services in the public and private sectors in Singapore. Its facilities services include educational institutions cleaning, airport cleaning, and conservancy areas cleaning services, as well as offers cleaning of hotels, public spaces, roads, condominium, office, industrial, and retail stores. The company offers housekeeping services; specialized cleaning services, including marble polishing, building façade cleaning, and clean room sanitation services; and waste management and pest control services.