Is Psychemedics Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Psychemedics Corp (PMDI) is currently classified as HALAL as of January 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Psychemedics Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Psychemedics Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Psychemedics Corp?

Muslim investors may consider investing in Psychemedics Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Psychemedics Corp classified as HALAL?

Musaffa determines the Shariah status of Psychemedics Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Psychemedics Corp updated?

The Shariah compliance status of Psychemedics Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Psychemedics Corp become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Psychemedics Corp?

You can check the latest Shariah compliance status of Psychemedics Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

PMDI Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: January 24, 2025

Report Source: 2024 3rd Quarter Report

Psychemedics Corp. Stock Analysis PMDI

United States Health Care Nano Cap Report: Q3, 2024

Psychemedics Corp. engages in the provision of drug testing services through the analysis of hair samples. The company is headquartered in Acton, Massachusetts and currently employs 101 full-time employees. The firm provides testing services for the detection of drugs of abuse through the analysis of hair samples. Its testing methods utilize a patented technology that digests the hair and releases drugs trapped in the hair without destroying the drugs. The firm customizes its enzyme immunoassay (EIA) procedures to drug test hair samples. The company provides screening and confirmation by mass spectrometry using industry-accepted practices for cocaine, marijuana, phenylcyclohexyl piperidine (PCP), amphetamines (including ecstasy, eve, and Adderall), opiates (including heroin, hydrocodone, hydromorphone, oxycodone and codeine), synthetic cannabinoids (including K2, Spice, Blaze), benzodiazepines (Xanax, Valium, and Ativan), nicotine, Fentanyl, and alcohol. The firm markets its corporate drug testing services through its own sales force, distributors, and partners. The company markets its home drug testing service, PDT-90, through the Internet.

Key Statistics of Psychemedics Corp (PMDI)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$2.40$2.40

Today's Open

$2.40

Volume

358.00

P/E Ratio (TTM)

52 Week Range

$1.33$2.50

Market Cap

12.54M

Avg. Volume

3288.58

Dividend Yield

Financial Metrics & Statements of Psychemedics Corp (PMDI)

FAQ's for Psychemedics Corp (PMDI)

According to Musaffa’s Shariah screening methodology, Psychemedics Corp (PMDI) is currently classified as HALAL as of January 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.