PMEC Dips Below $1; Primech Contract Wins Don’t Halt Selloff
Primech Holdings Ltd. shares slipped Thursday, keeping the Singapore facilities-services group’s Nasdaq stock trading under $1. That’s after several updates about new cleaning contracts and robotics deals. PMEC slipped 6.92 cents to $0.7001, after closing at $0.7693 earlier. Shares changed hands between $0.7001 and $0.7463. Volume reached 22,652 shares. PMEC's market cap stood around $24.9 million.