RedCloud (NASDAQ:RCT) Stock Price Down 10.8% – What’s Next?

RedCloud Holdings plc (NASDAQ:RCT) was down 10.8% on Tuesday . The company traded as low as $1.76 and last traded at $1.89. Approximately 472,035 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 685,219 shares. The stock had previously closed at $2.12.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RCT. Wall Street Zen raised RedCloud to a “hold” rating in a research note on Monday, September 1st. Weiss Ratings reissued a “sell (e)” rating on shares of RedCloud in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, RedCloud presently has an average rating of “Sell”.

RedCloud Stock Down 10.8%

The stock’s fifty day simple moving average is $1.61.

RedCloud Company Profile

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.