Richtech Robotics (NASDAQ:RR) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Richtech Robotics (NASDAQ:RR) posted its quarterly earnings data on Tuesday. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01, Zacks reports. Richtech Robotics had a negative net margin of 366.21% and a negative return on equity of 23.85%.

Richtech Robotics Price Performance

Shares of NASDAQ:RR opened at $3.86 on Wednesday. The stock has a market cap of $578.59 million, a price-to-earnings ratio of -22.70 and a beta of -3.63. Richtech Robotics has a 12 month low of $1.37 and a 12 month high of $7.43. The stock’s 50 day moving average price is $3.64 and its 200 day moving average price is $3.58.

Institutional Trading of Richtech Robotics

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Richtech Robotics during the third quarter worth about $38,000. Ausdal Financial Partners Inc. bought a new stake in shares of Richtech Robotics in the 3rd quarter worth approximately $45,000. CIBC Bancorp USA Inc. bought a new stake in shares of Richtech Robotics in the 3rd quarter worth approximately $49,000. Victory Capital Management Inc. acquired a new stake in Richtech Robotics during the third quarter valued at approximately $51,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Richtech Robotics during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

RR has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Richtech Robotics in a report on Monday, December 22nd. Wall Street Zen downgraded shares of Richtech Robotics from a “hold” rating to a “sell” rating in a report on Sunday, October 19th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $4.50.

About Richtech Robotics

Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.