Financial Lp Hrt Sells 57,998 Shares of Ridgetech (NASDAQ:RDGT) Stock

Ridgetech Inc. (NASDAQ:RDGTGet Free Report) major shareholder Financial Lp Hrt sold 57,998 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $1.60, for a total transaction of $92,796.80. Following the transaction, the insider directly owned 61,753 shares in the company, valued at approximately $98,804.80. This represents a 48.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

  • On Monday, June 15th, Financial Lp Hrt sold 8,091 shares of Ridgetech stock. The stock was sold at an average price of $1.60, for a total transaction of $12,945.60.
  • On Friday, June 12th, Financial Lp Hrt sold 6,526 shares of Ridgetech stock. The stock was sold at an average price of $1.51, for a total transaction of $9,854.26.

Ridgetech Stock Performance

Ridgetech stock traded up $0.04 during mid-day trading on Thursday, hitting $1.40. The company’s stock had a trading volume of 209,552 shares, compared to its average volume of 538,701. The business has a 50 day moving average price of $1.74 and a 200-day moving average price of $229.27. Ridgetech Inc. has a 12 month low of $1.21 and a 12 month high of $760.50.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen raised Ridgetech to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings lowered Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ridgetech has an average rating of “Sell”.

Check Out Our Latest Research Report on RDGT

Ridgetech Company Profile

(Get Free Report)

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming. Its stores provide various pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, traditional Chinese medicines (TCM), personal and family care products, and medical devices, as well as convenience products, such as consumable, seasonal, and promotional items.

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