RYTHM (NASDAQ:RYM) Receives Sell (D-) Rating from Weiss Ratings

RYTHM (NASDAQ:RYM)‘s stock had its “sell (d-)” rating reaffirmed by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

RYTHM Price Performance

Shares of RYM opened at $47.75 on Wednesday. The company has a quick ratio of 2.52, a current ratio of 2.64 and a debt-to-equity ratio of 1.43. RYTHM has a fifty-two week low of $2.71 and a fifty-two week high of $84.44.

Insider Buying and Selling at RYTHM

In other RYTHM news, CEO Benjamin Kovler acquired 1,000 shares of the stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost of $37.08 per share, for a total transaction of $37,080.00. Following the acquisition, the chief executive officer owned 19,000 shares in the company, valued at $704,520. The trade was a 5.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.16% of the company’s stock.

RYTHM Company Profile

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.