Richtech Robotics (NASDAQ:RR) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Richtech Robotics (NASDAQ:RR) from a hold rating to a sell rating in a research report released on Sunday morning.

Richtech Robotics Price Performance

RR opened at $3.04 on Friday. The company has a market capitalization of $455.67 million, a price-to-earnings ratio of -17.88 and a beta of -4.46. The firm’s fifty day moving average price is $2.20 and its two-hundred day moving average price is $2.09. Richtech Robotics has a 1 year low of $0.52 and a 1 year high of $5.20.

Richtech Robotics (NASDAQ:RR) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $1.18 million during the quarter, compared to analyst estimates of $1.42 million. Richtech Robotics had a negative net margin of 366.21% and a negative return on equity of 23.85%.

Insiders Place Their Bets

In other Richtech Robotics news, COO Phil Zheng sold 100,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $3.01, for a total value of $301,000.00. Following the transaction, the chief operating officer directly owned 1,100,000 shares in the company, valued at $3,311,000. The trade was a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 41.30% of the stock is currently owned by insiders.

Institutional Trading of Richtech Robotics

Hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. bought a new stake in shares of Richtech Robotics in the first quarter valued at approximately $40,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Richtech Robotics in the first quarter valued at approximately $51,000. Millennium Management LLC bought a new stake in shares of Richtech Robotics in the fourth quarter valued at approximately $198,000. Citadel Advisors LLC bought a new stake in shares of Richtech Robotics in the fourth quarter valued at approximately $31,000. Finally, Jane Street Group LLC raised its position in shares of Richtech Robotics by 113.0% in the fourth quarter. Jane Street Group LLC now owns 442,248 shares of the company’s stock valued at $1,194,000 after purchasing an additional 234,578 shares during the period. Institutional investors own 0.01% of the company’s stock.

About Richtech Robotics

Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.