Primech (NASDAQ:PMEC) Releases Quarterly Earnings Results

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

Primech Stock Down 8.4%

Primech stock opened at $0.67 on Wednesday. Primech has a 52 week low of $0.60 and a 52 week high of $2.44. The company has a 50 day moving average price of $0.77 and a 200 day moving average price of $1.14.

Wall Street Analysts Forecast Growth

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

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. 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.