Richtech Robotics (NASDAQ:RR) Upgraded to Hold at Freedom Capital

Richtech Robotics (NASDAQ:RR) was upgraded by equities researchers at Freedom Capital from a “strong sell” rating to a “hold” rating in a research report issued on Sunday,Zacks.com reports.

A number of other research firms have also issued reports on RR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Richtech Robotics in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of Richtech Robotics from a “strong sell” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.00.

Richtech Robotics Stock Performance

NASDAQ RR opened at $1.72 on Friday. The firm has a market cap of $387.17 million, a price-to-earnings ratio of -17.20 and a beta of -0.65. The firm has a 50 day simple moving average of $1.81 and a 200-day simple moving average of $2.34. Richtech Robotics has a one year low of $1.30 and a one year high of $7.43.

Hedge Funds Weigh In On Richtech Robotics

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of Richtech Robotics during the first quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in Richtech Robotics in the fourth quarter valued at approximately $26,000. Principal Financial Group Inc. purchased a new position in Richtech Robotics in the first quarter worth approximately $27,000. Griffin Asset Management Inc. purchased a new position in Richtech Robotics in the first quarter worth approximately $29,000. Finally, Axxcess Wealth Management LLC acquired a new position in Richtech Robotics during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Richtech Robotics Company Profile

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.