Primega Group (NASDAQ:PGHL) Stock Price Down 7% – Should You Sell?

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

Primega Group Trading Down 7.0 %

The stock has a 50-day moving average price of $0.70 and a 200 day moving average price of $6.08.

Institutional Investors Weigh In On Primega Group

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

About Primega Group

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.