Ridgetech (NASDAQ:RDGT) Major Shareholder Buys $15,295.50 in Stock

Ridgetech Inc. (NASDAQ:RDGT) major shareholder Financial Lp Hrt bought 10,197 shares of the stock in a transaction dated Wednesday, July 1st. The shares were acquired at an average price of $1.50 per share, with a total value of $15,295.50. Following the completion of the purchase, the insider directly owned 100,499 shares of the company’s stock, valued at approximately $150,748.50. This represents a 11.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, June 30th, Financial Lp Hrt purchased 30,939 shares of Ridgetech stock. The stock was acquired at an average price of $1.52 per share, for a total transaction of $47,027.28.
• 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

RDGT stock traded up $0.09 during midday trading on Thursday, hitting $1.54. 551,263 shares of the company’s stock were exchanged, compared to its average volume of 1,310,471. The firm has a 50 day moving average price of $1.56 and a 200-day moving average price of $191.60. Ridgetech Inc. has a 12-month low of $1.21 and a 12-month high of $760.50.

Analyst Ratings Changes

Several analysts recently issued reports on RDGT shares. Wall Street Zen raised shares of Ridgetech to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Ridgetech

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.