Primega Group (NASDAQ:PGHL) Stock Price Down 7% – Here’s Why

Shares of Primega Group Holdings Ltd (NASDAQ:PGHL) fell 7% on Friday . The company traded as low as $0.41 and last traded at $0.43. 185,046 shares traded hands during trading, a decline of 83% from the average session volume of 1,110,691 shares. The stock had previously closed at $0.47.

Primega Group Stock Performance

The firm has a 50 day moving average of $0.70 and a 200-day moving average of $6.12.

Institutional Trading of Primega Group

A hedge fund recently bought a new stake in Primega Group stock. Jane Street Group LLC purchased a new stake in Primega Group Holdings Ltd (NASDAQ:PGHL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,774 shares of the company’s stock, valued at approximately $32,000. Jane Street Group LLC owned 0.09% of Primega Group at the end of the most recent reporting period.

Primega Group Company Profile

Primega Group Holdings Ltd. engages in the provision of transportation services through its subsidiary, Primega Construction. Its services include soil and rock transportation, diesel oil trading, and construction works such as excavation and lateral support works and bored piling. The company was founded on April 14, 2022 and is headquartered in Hong Kong.