Ace Men Engg Works hits 52-week low and receives 'Strong Sell' rating from MarketsMOJO

Ace Men Engg Works, a microcap company in the miscellaneous industry, has recently hit a 52-week low on January 31, 2024. The stock has been given a 'Strong Sell' rating by MarketsMOJO.

As of today, the stock is trading at Rs. 45.25, which is its new 52-week low. However, it has outperformed the sector by 3.1% and has shown a trend reversal after three consecutive days of falling. The stock opened with a gain of 4.13% and touched an intraday high of Rs. 49.4. On the other hand, the intraday low was Rs. 45.25, showing a decrease of 4.62%.

Ace Men Engg Works is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's performance.

In the past year, Ace Men Engg Works has shown a negative performance of -30.01%, while the Sensex has shown a positive performance of 20.49%. This shows that the company's stock has not been performing well compared to the overall market.

Investors should be cautious while considering Ace Men Engg Works as an investment option, as the stock has been given a 'Strong Sell' rating by MarketsMOJO and is currently trading below its moving averages. It is important to do thorough research and analysis before making any investment decisions.