Primech (NASDAQ:PMEC) Stock Price Down 2.2% – What’s Next?

Primech Holdings Ltd. (NASDAQ:PMEC) fell 2.2% during mid-day trading on Wednesday . The company traded as low as $0.40 and last traded at $0.45. Approximately 20,263 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 188,217 shares. The stock had previously closed at $0.46.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Primech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Primech presently has a consensus rating of “Sell”.

Primech Stock Performance

The business has a 50 day moving average of $0.61 and a two-hundred day moving average of $0.70. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.36 and a current ratio of 1.36.

Primech (NASDAQ:PMEC) last announced its earnings results on Wednesday, July 29th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $19.97 million for the quarter.

About Primech

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.