AmeraMex International (OTCMKTS:AMMX) Share Price Crosses Below 50-Day Moving Average – Here’s Why

AmeraMex International Inc. (OTCMKTS:AMMXGet Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.17 and traded as low as $0.1512. AmeraMex International shares last traded at $0.1540, with a volume of 9,725 shares trading hands.

AmeraMex International Stock Performance

The firm has a 50 day moving average of $0.17 and a 200-day moving average of $0.16. The company has a market cap of $2.35 million, a P/E ratio of 1.95 and a beta of 0.30. The company has a quick ratio of 0.37, a current ratio of 1.50 and a debt-to-equity ratio of 2.54.

AmeraMex International (OTCMKTS:AMMXGet Free Report) last issued its earnings results on Friday, May 15th. The company reported $0.01 earnings per share for the quarter. AmeraMex International had a return on equity of 43.46% and a net margin of 9.75%.

AmeraMex International Company Profile

(Get Free Report)

AmeraMex International, Inc sells, leases, and rents new and refurbished heavy equipment primarily in the United States. Its products are used in light and infrastructure construction, shipping logistics, logging, mining, transportation, commercial farming, and forestry industries. The company also sells parts; and provides repair and maintenance services. It serves customers in the United States, Canada, Latin America, Asia, and Africa. The company was founded in 1989 and is based in Chico, California.

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