Armlogi (NASDAQ:BTOC – Get Free Report) released its earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.16), FiscalAI reports. The firm had revenue of $41.68 million during the quarter, compared to analysts’ expectations of $55.01 million. Armlogi had a negative net margin of 9.81% and a negative return on equity of 80.73%.
Armlogi Trading Down 6.6%
Shares of BTOC stock traded down $0.02 during trading hours on Wednesday, hitting $0.31. 422,517 shares of the company were exchanged, compared to its average volume of 668,920. The firm has a market cap of $14.18 million, a PE ratio of -0.69 and a beta of 2.54. Armlogi has a 1 year low of $0.23 and a 1 year high of $1.91. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $0.28 and a 200 day moving average of $0.44.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Armlogi in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Armlogi stock. Bank of America Corp DE acquired a new position in shares of Armlogi Holding Corp. (NASDAQ:BTOC – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,434 shares of the company’s stock, valued at approximately $27,000.
About Armlogi
Armlogi Holding Corp. is a warehousing and logistics service provider which offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment. Armlogi Holding Corp. is based in WALNUT, CA.
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