Mercury EV-Tech Hits New 52-Week Low at Rs. 43.32
Mercury EV-Tech has hit a new 52-week low, reflecting a significant decline in its stock performance. Over the past year, the company has experienced a substantial drop in stock price, coupled with a high Debt to EBITDA ratio and low Return on Equity, despite reporting positive quarterly results.
Mercury EV-Tech, a microcap player in the automobile industry, has reached a new 52-week low of Rs. 43.32 today, marking a significant downturn for the stock. This decline comes after a two-day consecutive fall, during which the stock has lost 3.01% in returns. Today's performance saw the stock underperform its sector by 2.48%, with an intraday low of Rs. 43.32, reflecting a drop of 5.81%.Over the past year, Mercury EV-Tech has faced considerable challenges, with a staggering 61.15% decline in its stock price, contrasting sharply with the Sensex's modest gain of 0.26%. The company's financial metrics indicate a high Debt to EBITDA ratio of 9.32 times, suggesting difficulties in servicing its debt obligations. Additionally, the Return on Equity stands at a low 2.73%, highlighting limited profitability.
Despite these challenges, Mercury EV-Tech has reported positive results for the last four consecutive quarters, with net sales for the first nine months reaching Rs. 88.85 crore and a profit after tax of Rs. 7.81 crore. However, the stock continues to trade below its moving averages, indicating a challenging market position.
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