Lytus Technologies Holdings PTV. (NASDAQ:LYT) Trading Down 12.6% – Here’s Why

Shares of Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYTGet Free Report) were down 12.6% during trading on Wednesday . The company traded as low as $1.02 and last traded at $1.04. Approximately 128,545 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 619,996 shares. The stock had previously closed at $1.19.

Lytus Technologies Holdings PTV. Stock Down 12.6 %

The business’s 50 day simple moving average is $1.67 and its 200 day simple moving average is $1.92. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.72 and a quick ratio of 0.72.

Lytus Technologies Holdings PTV. Company Profile

(Get Free Report)

Lytus Technologies Holdings PTV. Ltd. operates as a platform services company in India. The company engages in the distribution of linear content streaming/telecasting services; and development of telemedicine products. Lytus Technologies Holdings PTV. Ltd. was incorporated in 2020 and is based in Dubai, the United Arab Emirates.

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