India Globalization Capital (IGC) Posts Quarterly Earnings Results

India Globalization Capital (NYSEAMERICAN:IGC) released its earnings results on Tuesday. The construction company reported ($0.02) EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $0.76 million for the quarter. India Globalization Capital had a negative net margin of 128.96% and a negative return on equity of 19.76%.

Shares of India Globalization Capital (NYSEAMERICAN:IGC) traded down $0.01 on Wednesday, reaching $0.78. The company had a trading volume of 53,186 shares, compared to its average volume of 896,509. India Globalization Capital has a 52-week low of $0.28 and a 52-week high of $1.63. The company has a market capitalization of $22.09, a PE ratio of -11.29 and a beta of 2.44.

In related news, Chairman Ram Mukunda sold 50,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $0.76, for a total transaction of $38,000.00. Following the transaction, the chairman now directly owns 2,416,994 shares in the company, valued at $1,836,915.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 253,950 shares of company stock worth $210,807 over the last 90 days.

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India Globalization Capital Company Profile

India Globalization Capital, Inc develops intellectual property for the treatment of life altering or life threatening conditions, through its research on phytocannabinoid-based therapies, in the United States. The Company also builds farming facilities for leasing. In Malaysia, the Company develops and manages residential and commercial real estate.

Earnings History for India Globalization Capital (NYSEAMERICAN:IGC)

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