News about fresh orders is almost always seen as a positive by shareholders and hence, it may be a good move to take a look at the AmeraMex International Inc (OTCMKTS:AMMX) stock this morning. The company, which is involved in supplying heavy equipment to infrastructure construction companies, logistics firms, and forestry conservation purposes, announced yesterday that it had bagged a new equipment order worth as much as $1.9 million.
Trading Data
On Monday, AMMX stock ended flat at $0.4599 with more than 207 shares, compared to a volume of 17K shares. The stock moved within a range of $0.4599 – 0.4599 after opening trade at $0.4599.
AmeraMex International Receives Equipment Orders Totaling $1.9 Million
The latest order brought the total orders bagged by AmeraMex International over the course of the year so far to as much as $16.1 million. It is now going to be interesting to see if the stock can manage to get the attention of investors this week or not.
AmeraMex International Reports Corrected Financials for Its Second Quarter Ended June 30, 2022
Last week, AmeraMex International also announced its financial results for the second fiscal quarter that ended on June 30, 2022. It generated revenues to the tune of around $2.4 million, but that reflected a massive drop of as much as 62% from the revenues of $6.3 million in the prior year period. However, it should be noted that if AmeraMex International had managed to complete all the shipments then the revenues would have been $5.4 million.
Technical Data
AMMX stock is below the 20-Day and 50-Day Moving averages of $0.49 and $0.50 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.48. The company has a total market capitalization of $6.90 million. The stock is up 21% over the past 6 months.
