Primech Holdings Ltd. (NASDAQ:PMEC) stock is trading higher and volatile on Tuesday after the company announced it secured several contracts.

The Details: The newly secured contracts cover multiple sectors and have a combined value exceeding $3.8 million.

First, the company has secured contracts in the residential sector for everything from routine maintenance to comprehensive cleaning services, worth more than $1.7 million.

In addition, Primech has signed contracts, valued at about $800 thousand, in the hospitality services industry for stewarding, kitchen cleaning and public area maintenance. It also inked contracts in the transportation infrastructure sector to provide extensive cleaning services at a major transportation hub.

The transportation infrastructure contracts are worth over $100 thousand. In the commercial sector, it obtained new contracts to provide general cleaning services to key commercial establishments.

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PMEC Price Action: At the time of writing, Primech shares are trading 6.52% lower at 80 cents, according to data from Benzinga Pro.

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