Why is Snowman Logistic falling/rising?
As of 05-Sep, Snowman Logistics Ltd's stock price is declining at 53.00, down 1.82%, and has underperformed its sector today. Despite a modest weekly gain, its long-term performance is poor, with significant year-to-date and one-year losses, indicating weak financial health and low investor confidence.
As of 05-Sep, Snowman Logistics Ltd is experiencing a decline in its stock price, currently at 53.00, which reflects a decrease of 0.98 or 1.82%. The stock has underperformed its sector by 2.14% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.64% during this period. Over the past week, the stock has shown a modest gain of 4.45%, but it has struggled in the longer term, with a year-to-date return of -25.25% and a one-year return of -36.60%. The company's financial performance indicates a weak ability to service its debt, with a poor EBIT to Interest ratio of 1.31, and despite some positive results in terms of profit growth and operating profit, the overall profitability remains low, as evidenced by a Return on Equity of only 1.61%. Additionally, the lack of domestic mutual fund investment may signal a lack of confidence in the stock's valuation.In the broader market context, the stock's recent performance contrasts with the Sensex, which has shown a positive return of 1.13% over the past week. While Snowman Logistics has outperformed the benchmark in the short term, its long-term performance has been below par, with significant declines compared to the BSE500 over the last three years, one year, and three months. This underperformance, coupled with falling investor participation and liquidity issues, contributes to the negative sentiment surrounding the stock, leading to its current decline.
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