Shares of India Globalization Capital, Inc. (NYSEAMERICAN:IGC – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.55. India Globalization Capital shares last traded at $0.54, with a volume of 204,595 shares changing hands.
India Globalization Capital Trading Up 1.9 %
The firm has a market cap of $28.13 million, a price-to-earnings ratio of -1.74 and a beta of 2.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.19 and a quick ratio of 4.74.
Institutional Investors Weigh In On India Globalization Capital
Several institutional investors and hedge funds have recently bought and sold shares of IGC. Commonwealth Equity Services LLC purchased a new stake in India Globalization Capital in the 2nd quarter worth approximately $26,000. Dearborn Partners LLC lifted its holdings 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 worth $66,000 after buying an additional 28,125 shares during the period. Vident Investment Advisory LLC lifted its holdings 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 worth $99,000 after buying an additional 41,457 shares during the period. Davy Global Fund Management Ltd lifted its holdings in India Globalization Capital by 11.7% in the 4th quarter. Davy Global Fund Management Ltd now owns 1,579,278 shares of the construction company’s stock worth $1,542,000 after buying an additional 165,402 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in India Globalization Capital by 310.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,661,393 shares of the construction company’s stock worth $1,622,000 after buying an additional 1,256,867 shares during the period. Hedge funds and other institutional investors own 12.19% of the company’s stock.
India Globalization Capital Company Profile
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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