Flomic Global Logistics Stock Hits 52-Week Low, Receives 'Strong Sell' Rating

Flomic Global Logistics, a microcap company in the finance/NBFC industry, has recently seen a dip in its stock price. On March 13, 2024, the company's stock hit a 52-week low of Rs.71.5. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock's performance today has been underwhelming, underperforming the sector by -3.6%. In fact, Flomic Global has been on a downward trend for the past four days, with a -9.43% decrease in returns during this period. The stock also touched an intraday low of Rs.71.5, a -3.6% decrease from its previous close.

In terms of moving averages, Flomic Global is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock.

In comparison to the Sensex, Flomic Global's performance over the past year has been -6.80%, while the Sensex has seen a 26.61% increase. This further highlights the company's struggles in the market.

Investors and experts are advised to approach Flomic Global's stock with caution, considering its recent performance and the 'Strong Sell' call by MarketsMOJO. It is important to conduct thorough research and analysis before making any investment decisions.