Ridgetech (NASDAQ:RDGT) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Ridgetech (NASDAQ:RDGT) from a buy rating to a hold rating in a research note published on Saturday.

Separately, Weiss Ratings lowered shares of Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Ridgetech Stock Up 1.0%

RDGT opened at $0.76 on Friday. Ridgetech has a 12-month low of $0.71 and a 12-month high of $760.50. The stock’s 50 day moving average price is $1.44 and its two-hundred day moving average price is $110.98.

Ridgetech (NASDAQ:RDGT) last posted its quarterly earnings data on Saturday, August 1st. The company reported ($7.86) earnings per share for the quarter. The firm had revenue of $34.68 million during the quarter.

Insider Activity

In other news, major shareholder Financial Lp Hrt bought 30,939 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $1.52 per share, for a total transaction of $47,027.28. Following the transaction, the insider directly owned 90,302 shares of the company’s stock, valued at $137,259.04. This trade represents a 52.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 72,615 shares of company stock worth $115,597. Company insiders own 22.60% of the company’s stock.

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.