Why is Flex Foods falling/rising?

As of 26-Aug, Flex Foods Ltd is experiencing a decline in its stock price, currently at Rs 50.21, which represents a decrease of Rs 1.6 or 3.09%. The stock has underperformed its sector by 4.11% today, touching an intraday low of Rs 50.12. Over the past week, the stock has decreased by 3.41%, and it has shown significant declines over longer periods, with a 1-month drop of 16.30% and a year-to-date decline of 30.26%. The company is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 54.55% compared to the 5-day average, which suggests waning interest among investors. The company's financial health is concerning, with a high debt-equity ratio of 6.1 times and negative profitability indicators, including a significant drop in profit before tax and profit after tax in the latest quarter.
In the broader market context, Flex Foods' performance has been notably worse than the benchmark, as evidenced by its 1-year return of -65.84% compared to the Sensex's gain of 3.39%. This stark contrast highlights the company's struggles relative to the overall market. The stock's long-term performance has also been poor, underperforming the BSE500 over the last three years, one year, and three months. The combination of high debt, weak profitability, and negative earnings before interest, taxes, depreciation, and amortization (EBITDA) positions Flex Foods as a risky investment, contributing to its declining stock price.