NASDAQ:PMEC

Primech (PMEC) Stock Price, News & Analysis

$0.65
-0.04 (-5.79%)
(As of 04/26/2024 ET)
Today's Range
$0.62
$0.71
50-Day Range
$0.61
$3.92
52-Week Range
$0.52
$4.18
Volume
116,361 shs
Average Volume
341,468 shs
Market Capitalization
$23.13 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
PMEC stock logo

About Primech Stock (NASDAQ:PMEC)

Primech Holdings Ltd. provides facilities and stewarding services in the public and private sectors in Singapore. Its facilities services include general cleaning and maintenance of public and private facilities, such as airports, conservancy areas, public areas, refuse disposal areas, and parks and carparks of public housing units; common areas of hotels, educational institutions, public roads, residential spaces, commercial buildings, office facilities, industrial areas, retail stores, and healthcare facilities; housekeeping services; specialized cleaning services, including marble polishing, building façade cleaning, and clean room sanitation services; and waste management and pest control services. The company also offers stewarding services comprising cleaning of the kitchen area of healthcare facilities, hotels, and restaurants, as well as supplies ad hoc customer service officers, and food and beverage service crews to healthcare facilities, hotels, and restaurants. In addition, it operates HomeHelpy, an online portal that allows individual customers to book cleaning services in homes and offices; and manufactures and sells cleaning supplies, such as hand soaps, hand soap dispensers, cleaning fluids, and garbage bags used for general, floor, carpet, restroom, or kitchen purposes, as well as treatment products used in the marine industry under the D'Bond brand name. The company was incorporated in 2020 and is based in Singapore. Primech Holdings Ltd. is a subsidiary of Sapphire Universe Holdings Limited.

PMEC Stock Price History

PMEC Stock News Headlines

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Primech Holdings Ltd PMEC
Primech Holdings Ltd (PMEC)
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Company Calendar

Today
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Services to dwellings & other buildings
Sub-Industry
N/A
Current Symbol
NASDAQ:PMEC
Previous Symbol
NASDAQ:PMEC
Fax
N/A
Employees
3,133
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$69.03 million

Miscellaneous

Free Float
N/A
Market Cap
$23.13 million
Optionable
Not Optionable
Beta
N/A
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Key Executives

  • Mr. Wai Ho Kin (Age 48)
    CEO & Director
  • Ms. Yu Lee Kit (Age 38)
    Chief Financial Officer
  • Mr. Hansel Loo (Age 44)
    Senior Vice President of Operations
  • Mr. Khazid bin Omar (Age 59)
    Senior Vice President of Corporate Services
  • Mr. Jin Sng Yew (Age 74)
    Senior VP of Business Development & Director

PMEC Stock Analysis - Frequently Asked Questions

How have PMEC shares performed in 2024?

Primech's stock was trading at $2.40 at the beginning of 2024. Since then, PMEC stock has decreased by 72.9% and is now trading at $0.6507.
View the best growth stocks for 2024 here
.

Are investors shorting Primech?

Primech saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 294,500 shares, an increase of 584.9% from the March 31st total of 43,000 shares. Based on an average daily volume of 411,400 shares, the days-to-cover ratio is currently 0.7 days. Currently, 6.9% of the company's shares are sold short.
View Primech's Short Interest
.

When did Primech IPO?

Primech (PMEC) raised $14 million in an initial public offering on the week of October 9th 2023. The company issued 3,100,000 shares at a price of $4.00-$5.00 per share. Spartan Capital Securities acted as the underwriter for the IPO.

When did Primech's lock-up period expire?

Primech's lock-up period expired on Monday, April 8th. Primech had issued 3,050,000 shares in its public offering on October 10th. The total size of the offering was $12,200,000 based on an initial share price of $4.00. Since the end of Primech's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.

How do I buy shares of Primech?

Shares of PMEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PMEC) was last updated on 4/27/2024 by MarketBeat.com Staff

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