Why is East WestFreight falling/rising?

As of 30-Jul, East West Freight Carriers Ltd is experiencing a decline in its stock price, currently at 5.70, which reflects a decrease of 0.06 or 1.04%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.36% over this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock has generated a return of -19.26% over the past year, while its profits have plummeted by 79.6%. Despite an attractive valuation with a return on capital employed (ROCE) of 7, the company faces significant challenges, including a high debt-to-EBITDA ratio, which limits its ability to service debt.
In the broader market context, East West Freight Carriers Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.88% compared to the Sensex's -1.50%. This underperformance highlights the company's struggles relative to the market. The stock's liquidity appears adequate, with a delivery volume increase of 5.46% against the 5-day average, yet this does not offset the negative sentiment surrounding its financial health and long-term growth prospects. Overall, the combination of poor recent performance, declining profits, and weak fundamentals contributes to the stock's downward trajectory.