India Globalization Capital, Inc. (NYSEAMERICAN:IGC – Get Rating)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.50. India Globalization Capital shares last traded at $0.45, with a volume of 281,249 shares changing hands.
India Globalization Capital Stock Down 4.2 %
The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.49 and a current ratio of 7.67. The firm has a market cap of $23.62 million, a price-to-earnings ratio of -1.41 and a beta of 2.54.
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India Globalization Capital (NYSEAMERICAN:IGC – Get Rating) last announced its quarterly earnings data on Wednesday, June 22nd. The construction company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $0.12 million during the quarter. India Globalization Capital had a negative net margin of 3,009.96% and a negative return on equity of 60.05%.
Hedge Funds Weigh In On India Globalization Capital
A number of hedge funds and other institutional investors have recently made changes to their positions in IGC. Dearborn Partners LLC lifted its position in India Globalization Capital by 29.0% in the 2nd quarter. Dearborn Partners LLC now owns 125,026 shares of the construction company's stock valued at $66,000 after acquiring an additional 28,125 shares in the last quarter. Jane Street Group LLC lifted its position in India Globalization Capital by 302.6% in the 2nd quarter. Jane Street Group LLC now owns 48,281 shares of the construction company's stock valued at $26,000 after acquiring an additional 36,290 shares in the last quarter. Vident Investment Advisory LLC lifted its position in India Globalization Capital by 66.3% in the 1st quarter. Vident Investment Advisory LLC now owns 104,011 shares of the construction company's stock valued at $99,000 after acquiring an additional 41,457 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in India Globalization Capital in the 2nd quarter valued at $26,000. Finally, Renaissance Technologies LLC bought a new stake in India Globalization Capital in the 2nd quarter valued at $115,000. 6.23% of the stock is owned by institutional investors.
About India Globalization Capital
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India Globalization Capital, Inc purchases and resells physical infrastructure commodities. It operates through two segments, Infrastructure and Life Sciences. The company rents heavy construction equipment, including motor grader and rollers; and undertakes highway construction contracts. It also develops cannabinoid-based products and therapies, such as hemp-based tinctures to treat anxiety, and enhance the lifestyle of patients suffering from Alzheimer's under the Hyalolex brand name; CBD based tinctures, capsules, and topical analgesic creams to treat pain under the Holief brand name; CBD powered beauty and skincare products under the Herbo brand name; and CBD infused beverages under the Sunday Seltzer brand.
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