India Globalization Capital Inc. [IGC] is -0.02% lower this YTD. Is it still time to buy?

India Globalization Capital Inc. [AMEX: IGC] gained 7.56% or 0.04 points to close at $0.63 with a heavy trading volume of 1687388 shares. It opened the trading session at $0.59, the shares rose to $0.68 and dropped to $0.58, the range by which the price of stock traded the whole day. The daily chart for IGC points out that the company has recorded 2.84% gains over the past six months. However, it is still -142.31% lower than its most recent low trading price.

If we look at the average trading volume of 972.74K shares, IGC reached to a volume of 1687388 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about India Globalization Capital Inc. [IGC]:

The Average True Range (ATR) for India Globalization Capital Inc. is set at 0.06, with the Price to Sales ratio for IGC stock in the period of the last 12 months amounting to 4.26. The Price to Book ratio for the last quarter was 0.84, with the Price to Cash per share for the same quarter was set at 0.40.

Trading performance analysis for IGC stock

India Globalization Capital Inc. [IGC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.28. With this latest performance, IGC shares gained by 11.80% in over the last four-week period, additionally plugging by 2.84% over the last 6 months – not to mention a drop of -47.94% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IGC stock in for the last two-week period is set at 58.08, with the RSI for the last a single of trading hit 58.66, and the three-weeks RSI is set at 56.78 for India Globalization Capital Inc. [IGC]. The present Moving Average for the last 50 days of trading for this stock 0.5440, while it was recorded at 0.5993 for the last single week of trading, and 0.6847 for the last 200 days.

India Globalization Capital Inc. [IGC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and India Globalization Capital Inc. [IGC] shares currently have an operating margin of -90.75 and a Gross Margin at +2.58. India Globalization Capital Inc.’s Net Margin is presently recorded at -80.08.

Return on Total Capital for IGC is now -21.15, given the latest momentum, and Return on Invested Capital for the company is -19.48. Return on Equity for this stock declined to -19.68, with Return on Assets sitting at -18.08. When it comes to the capital structure of this company, India Globalization Capital Inc. [IGC] has a Total Debt to Total Equity ratio set at 0.15. Additionally, IGC Total Debt to Total Capital is recorded at 0.15, with Total Debt to Total Assets ending up at 0.15.

Reflecting on the efficiency of the workforce at the company, India Globalization Capital Inc. [IGC] managed to generate an average of -$204,850 per employee. Receivables Turnover for the company is 15.94 with a Total Asset Turnover recorded at a value of 0.23.India Globalization Capital Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.00 and a Current Ratio set at 15.80.

An analysis of insider ownership at India Globalization Capital Inc. [IGC]

There are presently around $1 million, or 3.90% of IGC stock, in the hands of institutional investors. The top three institutional holders of IGC stocks are: VANGUARD GROUP INC with ownership of 454,110, which is approximately 0% of the company’s market cap and around 8.40% of the total institutional ownership; GEODE CAPITAL MANAGEMENT, LLC, holding 261,671 shares of the stock with an approximate value of $0.15 million in IGC stocks shares; and CARROLL FINANCIAL ASSOCIATES, INC., currently with $0.13 million in IGC stock with ownership of nearly 0% of the company’s market capitalization.

7 institutional holders increased their position in India Globalization Capital Inc. [AMEX:IGC] by around 159,640 shares. Additionally, 9 investors decreased positions by around 132,087 shares, while 14 investors held positions by with 1,267,104 shares. The mentioned changes placed institutional holdings at 1,558,831 shares, according to the latest SEC report filing. IGC stock had 5 new institutional investments in for a total of 98,850 shares, while 6 institutional investors sold positions of 115,734 shares during the same period.

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