Primech (NASDAQ:PMEC) Trading Up 3.2% – What’s Next?

Shares of Primech Holdings Ltd. (NASDAQ:PMEC) were up 3.2% during trading on Thursday . The stock traded as high as $1.20 and last traded at $1.12. Approximately 49,277 shares changed hands during trading, a decline of 93% from the average daily volume of 698,519 shares. The stock had previously closed at $1.09.

Primech Trading Up 3.2%

The stock’s 50 day simple moving average is $1.09 and its two-hundred day simple moving average is $0.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.41 and a current ratio of 1.42.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Primech stock. XTX Topco Ltd lifted its position in shares of Primech Holdings Ltd. (NASDAQ:PMEC) by 123.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 39,960 shares of the company’s stock after purchasing an additional 22,104 shares during the quarter. XTX Topco Ltd owned about 0.10% of Primech worth $31,000 as of its most recent filing with the SEC. 88.06% of the stock is owned by institutional investors and hedge funds.

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.