Primech (NASDAQ:PMEC) Shares Up 0.7% - Time to Buy?

Primech Holdings Ltd. (NASDAQ:PMEC - Get Free Report) rose 0.7% during mid-day trading on Friday . The company traded as high as $1.55 and last traded at $1.54. Approximately 9,486 shares were traded during trading, a decline of 99% from the average daily volume of 700,374 shares. The stock had previously closed at $1.53.

Primech Trading Up 2.0%

The company has a fifty day simple moving average of $1.26 and a two-hundred day simple moving average of $0.94.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Primech stock. XTX Topco Ltd raised its holdings in Primech Holdings Ltd. (NASDAQ:PMEC - Free Report) by 123.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,960 shares of the company's stock after buying an additional 22,104 shares during the period. XTX Topco Ltd owned about 0.10% of Primech worth $31,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 88.06% of the company's stock.

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.