Ridgetech (NASDAQ:RDGT) Major Shareholder Sells $12,945.60 in Stock

Ridgetech Inc. (NASDAQ:RDGT) major shareholder Financial Lp Hrt sold 8,091 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $1.60, for a total value of $12,945.60. Following the completion of the sale, the insider owned 119,751 shares in the company, valued at $191,601.60. The trade was a 6.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, June 16th, Financial Lp Hrt sold 57,998 shares of Ridgetech stock. The shares were sold at an average price of $1.60, for a total transaction of $92,796.80.
• On Friday, June 12th, Financial Lp Hrt sold 6,526 shares of Ridgetech stock. The stock was sold at an average price of $1.51, for a total transaction of $9,854.26.

Ridgetech Stock Performance

Ridgetech stock opened at $1.40 on Friday. Ridgetech Inc. has a 52-week low of $1.21 and a 52-week high of $760.50. The firm has a 50 day moving average price of $1.70 and a two-hundred day moving average price of $225.22.

Analyst Ratings Changes

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

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.