Why is Accuracy Shippi. falling/rising?
As of 26-Jun, Accuracy Shipping Ltd's stock price is 8.76, down 0.45%. Despite a recent short-term gain, the stock has significantly underperformed over the long term, with a year-to-date return of -14.62% and concerns about high debt levels impacting its price.
As of 26-Jun, Accuracy Shipping Ltd's stock price is currently at 8.76, reflecting a decrease of 0.04, or 0.45%. The stock's performance today is in line with the sector, although it is trading below its 200-day moving averages while being higher than its 5, 20, 50, and 100-day moving averages. Over the past week, the stock has seen a return of 8.01%, which is significantly higher than the Sensex's 3.05% increase. However, the stock has underperformed over the longer term, with a year-to-date return of -14.62% compared to the Sensex's gain of 8.05%. Despite a substantial profit increase of 417% over the past year, the stock's overall return has been negative, indicating underlying issues. The company has a high Debt to EBITDA ratio of 3.16, which raises concerns about its ability to service debt, contributing to its recent price decline.In the broader market context, while Accuracy Shipping Ltd has shown some positive short-term returns, its long-term performance has been poor, with a 30.31% decline over the past year and a staggering 57.67% drop over the last three years, consistently underperforming against the benchmark. The stock's liquidity appears adequate for trading, but a significant drop in investor participation, with a 39.27% decrease in delivery volume, suggests waning interest. This combination of high debt levels, low profitability per unit of shareholder funds, and flat operating profit growth further exacerbates the stock's challenges, leading to its current downward price movement.
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