Why is Advance Meter. falling/rising?
As of 16-Sep, Advance Metering Technology Ltd's stock price is declining at 26.06, down 1.66%, and has underperformed its sector. The company faces significant operational challenges, including negative financial metrics and a substantial drop in profits, contributing to a lack of investor confidence.
As of 16-Sep, Advance Metering Technology Ltd is experiencing a decline in its stock price, currently at 26.06, which reflects a decrease of 0.44 or 1.66%. The stock has underperformed its sector today by 2.22%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a slight increase of 0.19%, but it has declined by 2.25% over the past month and a significant 33.84% year-to-date. The company is facing operational challenges, including weak long-term fundamental strength, as indicated by its negative EBIT to interest ratio of -6.10 and a reported negative return on capital employed (ROCE) of -7.64%. Additionally, the company's cash and cash equivalents are at a low of Rs 3.51 crore, and it has reported losses that have led to a staggering 918% fall in profits over the past year.In the broader market context, the Sensex has increased by 1.58% over the past week and 2.21% over the past month, contrasting with Advance Metering's negative performance. The stock has underperformed the BSE500 index over the last three years, one year, and three months, indicating a broader trend of weakness relative to the market. The decline in investor participation, with a delivery volume drop of 42.82% against the 5-day average, further highlights the lack of confidence among investors. Overall, the combination of poor financial performance, operational losses, and underwhelming market returns contributes to the stock's downward movement.
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