India Globalization Capital, Inc. (NYSEAMERICAN:IGC – Get Rating) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $0.50. India Globalization Capital shares last traded at $0.46, with a volume of 543,939 shares.
India Globalization Capital Stock Performance
The company has a market capitalization of $24.17 million, a P/E ratio of -1.44 and a beta of 2.58. The company has a current ratio of 7.67, a quick ratio of 5.49 and a debt-to-equity ratio of 0.01.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IGC. Jane Street Group LLC raised its stake in shares of India Globalization Capital by 302.6% in the second quarter. Jane Street Group LLC now owns 48,281 shares of the construction company’s stock valued at $26,000 after acquiring an additional 36,290 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of India Globalization Capital in the second quarter valued at approximately $26,000. Dearborn Partners LLC raised its stake in shares of India Globalization Capital by 29.0% in the second quarter. Dearborn Partners LLC now owns 125,026 shares of the construction company’s stock valued at $66,000 after acquiring an additional 28,125 shares during the last quarter. Vident Investment Advisory LLC raised its stake in shares of India Globalization Capital by 66.3% in the first quarter. Vident Investment Advisory LLC now owns 104,011 shares of the construction company’s stock valued at $99,000 after acquiring an additional 41,457 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of India Globalization Capital in the second quarter valued at approximately $115,000. Institutional investors own 6.23% of the company’s stock.
India Globalization Capital Company Profile
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India Globalization Capital, Inc purchases and resells physical infrastructure commodities. It operates through two segments, Infrastructure and Life Sciences. The company rents heavy construction equipment, including motor grader and rollers; and undertakes highway construction contracts. It also develops cannabinoid-based products and therapies, such as hemp-based tinctures to treat anxiety, and enhance the lifestyle of patients suffering from Alzheimer’s under the Hyalolex brand name; CBD based tinctures, capsules, and topical analgesic creams to treat pain under the Holief brand name; CBD powered beauty and skincare products under the Herbo brand name; and CBD infused beverages under the Sunday Seltzer brand.
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