Insider Buying: Ridgetech (NASDAQ:RDGT) Major Shareholder Acquires $47,027.28 in Stock

Ridgetech Inc. (NASDAQ:RDGT – Get Free Report) major shareholder Financial Lp Hrt bought 30,939 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $1.52 per share, for a total transaction of $47,027.28. Following the acquisition, the insider owned 90,302 shares of the company’s stock, valued at $137,259.04. This represents a 52.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

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• On Wednesday, July 1st, Financial Lp Hrt purchased 10,197 shares of Ridgetech stock. The shares were purchased at an average price of $1.50 per share, for a total transaction of $15,295.50.
• On Tuesday, June 16th, Financial Lp Hrt sold 57,998 shares of Ridgetech stock. The stock was sold at an average price of $1.60, for a total value of $92,796.80.
• On Monday, June 15th, Financial Lp Hrt sold 8,091 shares of Ridgetech stock. The shares were sold at an average price of $1.60, for a total value of $12,945.60.
• On Friday, June 12th, Financial Lp Hrt sold 6,526 shares of Ridgetech stock. The shares were sold at an average price of $1.51, for a total value of $9,854.26.

Ridgetech Price Performance

NASDAQ:RDGT traded up $0.09 during mid-day trading on Thursday, reaching $1.54. 551,263 shares of the stock were exchanged, compared to its average volume of 1,310,471. The business has a fifty day moving average price of $1.56 and a 200 day moving average price of $191.60. Ridgetech Inc. has a 1-year low of $1.21 and a 1-year high of $760.50.

Analyst Ratings Changes

A number of research firms recently commented on RDGT. Weiss Ratings downgraded shares of Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded Ridgetech to a “buy” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

View Our Latest Analysis on RDGT

About Ridgetech

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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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