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.
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.
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