Primega Group (NASDAQ:PGHL) Trading 1.6% Higher – Still a Buy?

Shares of Primega Group Holdings Ltd (NASDAQ:PGHL) traded up 1.6% during trading on Monday . The company traded as high as $0.47 and last traded at $0.46. 69,558 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 1,109,734 shares. The stock had previously closed at $0.46.

Primega Group Price Performance

The business’s 50-day moving average price is $0.56 and its 200 day moving average price is $4.40.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Primega Group stock. Millennium Management LLC acquired a new position in shares of Primega Group Holdings Ltd (NASDAQ:PGHL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,065 shares of the company’s stock, valued at approximately $42,000. Millennium Management LLC owned about 0.13% of Primega Group at the end of the most recent reporting period.

Primega Group Company Profile

Primega Group Holdings Ltd. engages in the provision of transportation services through its subsidiary, Primega Construction. Its services include soil and rock transportation, diesel oil trading, and construction works such as excavation and lateral support works and bored piling. The company was founded on April 14, 2022 and is headquartered in Hong Kong.