Why is Ace Integrated falling/rising?

As of 02-Sep, Ace Integrated Solutions Ltd is currently priced at 23.89, reflecting a slight increase of 0.13 or 0.55%. However, the stock has shown significant underperformance in recent periods, with a 1-month return of -1.85% and a year-to-date decline of -22.91%. Today's performance indicates that it underperformed its sector by 1.18%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 66.85% compared to the 5-day average. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, reflected in a poor EBIT to Interest ratio of -1.30 and a low return on equity of 3.25%.
Broader Market Context: In the context of the broader market, Ace Integrated has consistently underperformed against the benchmark, with a 1-year return of -29.76% compared to the BSE500's -2.77%. This trend of underperformance has persisted over the last three years, indicating a lack of investor confidence and a challenging operational environment for the company. The stock's risk profile is heightened due to negative EBITDA and a significant decline in profits over the past year, which has contributed to its weak long-term fundamental strength. Overall, while there is a minor uptick in the stock price today, the underlying factors suggest a continued struggle for Ace Integrated Solutions Ltd in the market.