Free Trial

Primech's (PMEC) "Sell (D-)" Rating Reiterated at Weiss Ratings

Primech logo with Business Services background

Key Points

  • Weiss Ratings has reiterated a "sell (D-)" rating for Primech (PMEC), indicating ongoing concerns about the company's performance.
  • Primech's stock price fell 4.6%, with current shares trading at $1.87, and a 12-month range between $0.54 and $2.44.
  • An institutional investor, XTX Topco Ltd, increased its stake in Primech by 123.8%, owning 39,960 shares after purchasing additional stock.
  • Five stocks we like better than Primech.

Primech (NASDAQ:PMEC - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Primech Stock Down 4.6%

Shares of PMEC stock opened at $1.87 on Friday. Primech has a 12 month low of $0.54 and a 12 month high of $2.44. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $1.79 and a two-hundred day simple moving average of $1.44.

Institutional Trading of Primech

An institutional investor recently raised its position in Primech stock. XTX Topco Ltd lifted its position in Primech Holdings Ltd. (NASDAQ:PMEC - Free Report) by 123.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,960 shares of the company's stock after purchasing an additional 22,104 shares during the period. XTX Topco Ltd owned about 0.10% of Primech worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 88.06% of the stock is currently owned by institutional investors.

Primech Company Profile

(Get Free Report)

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Primech Right Now?

Before you consider Primech, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Primech wasn't on the list.

While Primech currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.