K-Tech Solutions Company Limited (NASDAQ:KMRK) Sees Large Decrease in Short Interest

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 17,550 shares, a decline of 78.8% from the September 30th total of 82,609 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 94,871 shares, the short-interest ratio is currently 0.2 days.

K-Tech Solutions Stock Down 9.4%

KMRK stock traded down $0.15 during trading on Thursday, reaching $1.45. The stock had a trading volume of 22,361 shares, compared to its average volume of 300,405. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.69 and a current ratio of 3.69. The firm has a fifty day moving average price of $1.16 and a 200 day moving average price of $1.63. K-Tech Solutions has a 1-year low of $0.78 and a 1-year high of $6.59.

K-Tech Solutions (NASDAQ:KMRK) last announced its earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $2.63 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. 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”.

K-Tech Solutions Company Profile

We are principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits. We started our operation in 2016 and have developed relationships with our customers mainly located in European and North American countries which possess renowned brands and intellectual properties in toy products.