Wall Street Zen downgraded shares of Ridgetech (NASDAQ:RDGT – Free Report) from a buy rating to a hold rating in a research note released on Saturday morning.
Separately, Weiss Ratings cut Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
View Our Latest Report on Ridgetech
Ridgetech Trading Down 4.4%
Ridgetech (NASDAQ:RDGT – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported ($7.86) EPS for the quarter. The company had revenue of $34.68 million for the quarter.
Insider Buying and Selling at Ridgetech
In related news, major shareholder Financial Lp Hrt sold 57,998 shares of Ridgetech stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $1.60, for a total value of $92,796.80. Following the sale, the insider owned 61,753 shares of the company’s stock, valued at approximately $98,804.80. The trade was a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 72,615 shares of company stock valued at $115,597. 22.60% of the stock is owned by company insiders.
Ridgetech Company Profile
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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