Ming Shing Group (NASDAQ:PMA) Shares Climb 3.8% – Should You Buy?

Ming Shing Group Holdings Ltd (NASDAQ:PMA) shares rose 3.8% on Monday. The stock traded as high as $1.35 and last traded at $1.35. Approximately 17,201 shares traded hands during trading, an increase of 88% from the average daily volume of 9,164 shares. The stock had previously closed at $1.30.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on Ming Shing Group in a report on Monday, August 24th. They set a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Ming Shing Group Stock Performance

The stock’s 50-day moving average price is $1.27.

Ming Shing Group (NASDAQ:PMA) last released its earnings results on Saturday, August 15th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $3.10 million during the quarter.

About Ming Shing Group

Ming Shing Group is a Hong Kong-based construction contractor specializing in wet trades works. Its services primarily include plastering, tile laying, brickwork and related finishing activities used in the construction and renovation of residential, commercial and public-sector properties.

The company generally operates as a subcontractor on building projects, working with main contractors and other construction participants to complete interior and exterior finishing work. Its activities are concentrated in Hong Kong, where it serves the local construction and property development markets.

Ming Shing Group was established in Hong Kong in the early 2000s and has developed experience in delivering wet trades services for new-build and refurbishment projects.