AmeraMex International Inc (OTCMKTS:AMMX) Stock In Focus After The Recent Fall

Shares of AmeraMex International Inc (OTCMKTS:AMMX) have been trending lower over the past week with a fall of 9% in a week.

Market Reaction

On Thursday , AMMX stock ended flat at $0.3375 with 20 shares, compared to its average volume of 14k shares. The stock has moved within a range of $0.3375 – 0.3375 after opening trade at $0.3397.

AmeraMex International Announces Equipment Orders Totaling Approximately $713,000

Provider of heavy equipment for logistic firms, infrastructure construction, and forestry conservation, AmeraMex International Inc (OTCMKTS:AMMX) on December 23, 2021, announced receiving equipment orders amounting to $713,000 million. To date, the company has confirmed on sales of about $27.0 million.

However, sales aren’t seen as revenue until orders are shipped to the customer. Fresh orders comprised of equipment like One Taylor THDC955 Loaded Container Handler shipping to Southern California.

Taylor THDC955 Loaded Container Handler comprises of one Hyster H400 Empty Container Handler shipping to a customer in Northern California, a single UTR yard truck, one flatbed trailer, and two Taylor 6,000-pound capacity diesel forklifts. Additionally, it includes a new Taylor X-300-S, a 30,000-pound capacity forklift that is being shipped during the week to a lumber company in Northern California.

CEO Lee Hamre said that it has been a good year of the firm and it is expecting to double revenues vis-à-vis last year. Hamre hopes that it would be a profitable year. The CEO added that on the review of customers’ needs as well as RFPs, the company is confident that 2023 would be another vital year.

In case of interest and pricing of construction, logistics, and forestry equipment or even to get a demonstration of Kovaco Electric’s 100 percent electric skid steer loaders, one can connect with AmeraMex/Hamre Equipment sales team.

Traders Review

AMMX stock is trading below the 20-Day and 50-Day Moving averages of $0.37 and $0.38 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.51. The stock is down 4% over the past month.


Leave a Reply

Your email address will not be published.