RedCloud (NASDAQ:RCT – Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.14) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $15.28 million for the quarter.
RedCloud Stock Performance
Shares of RCT opened at $0.59 on Friday. RedCloud has a 12-month low of $0.56 and a 12-month high of $5.36. The company’s 50-day moving average price is $0.74 and its 200 day moving average price is $1.19.
Institutional Trading of RedCloud
A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG increased its stake in RedCloud by 2,359.8% during the third quarter. UBS Group AG now owns 328,365 shares of the company’s stock worth $594,000 after purchasing an additional 315,016 shares during the period. Boyer Financial Services Inc. purchased a new stake in RedCloud during the fourth quarter worth about $176,000. Finally, XTX Topco Ltd purchased a new stake in RedCloud during the fourth quarter worth about $38,000.
Analyst Ratings Changes
Read Our Latest Report on RedCloud
About RedCloud
We have developed and operate the RedCloud platform (the “Platform”), that facilitates the trading of everyday consumer supplies of fast-moving consumer goods (“FMCG”) products across business supply chains. We believe the Platform solves a decades old problem of how to unlock and enable access of key purchase and sales data between brands, distributors and retailers in high growth consumer markets. Through the Platform, we enable retailers in these markets to use data driven insights backed by artificial intelligence (“AI”) to help make faster and easier business-to-business (“B2B”) purchases and inventory decisions from brands and distributors by breaking down complex purchasing behaviors of large product inventory catalogues.
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