Primech Holdings Ltd. (NASDAQ:PMEC – Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 434,574 shares, a growth of 723.1% from the April 15th total of 52,795 shares. Based on an average trading volume of 2,687,717 shares, the short-interest ratio is presently 0.2 days. Approximately 1.1% of the shares of the company are short sold.
Primech Stock Down 3.5%
PMEC traded down $0.03 during trading on Tuesday, hitting $0.70. The company had a trading volume of 18,370 shares, compared to its average volume of 423,812. The firm’s 50-day moving average price is $0.69 and its 200 day moving average price is $0.92. Primech has a one year low of $0.52 and a one year high of $2.44. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36.
Primech (NASDAQ:PMEC – Get Free Report) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.02) EPS for the quarter. The company had revenue of $19.03 million for the quarter.
Wall Street Analyst Weigh In
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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.
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