Primech (NASDAQ:PMEC) Announces Earnings Results

Primech (NASDAQ:PMEC) announced its earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $19.03 million during the quarter.

Primech Stock Down 5.6%

Shares of PMEC stock traded down $0.04 during trading hours on Tuesday, reaching $0.69. 4,090 shares of the stock were exchanged, compared to its average volume of 107,941. The business’s fifty day moving average is $0.77 and its two-hundred day moving average is $1.15. Primech has a 12-month low of $0.60 and a 12-month high of $2.44.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Primech in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

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. The company offers housekeeping services; specialized cleaning services, including marble polishing, building façade cleaning, and clean room sanitation services; and waste management and pest control services.