Insider Selling: Richtech Robotics Inc. (NASDAQ:RR) President Sells $100,200.00 in Stock

Richtech Robotics Inc. (NASDAQ:RR) President Matthew G. Casella sold 60,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1.67, for a total transaction of $100,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Richtech Robotics Stock Performance

RR opened at $2.13 on Thursday. The business’s 50 day moving average is $2.42 and its 200-day moving average is $1.55. The stock has a market cap of $238.67 million, a PE ratio of -16.38 and a beta of -7.94. The company has a current ratio of 39.74, a quick ratio of 70.11 and a debt-to-equity ratio of 0.01. Richtech Robotics Inc. has a twelve month low of $0.30 and a twelve month high of $5.20.

Richtech Robotics (NASDAQ:RR) last released its quarterly earnings results on Friday, February 14th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $1.26 million for the quarter. Richtech Robotics had a negative net margin of 203.60% and a negative return on equity of 32.24%.

Institutional Investors Weigh In On Richtech Robotics

A number of hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in Richtech Robotics during the fourth quarter worth approximately $31,000. Global Wealth Management Investment Advisory Inc. bought a new stake in Richtech Robotics during the fourth quarter worth approximately $47,000. Arete Wealth Advisors LLC bought a new stake in Richtech Robotics during the fourth quarter worth approximately $69,000. Cary Street Partners Financial LLC bought a new stake in Richtech Robotics during the fourth quarter worth approximately $92,000. Finally, Two Sigma Investments LP bought a new stake in Richtech Robotics during the fourth quarter worth approximately $113,000. Institutional investors own 0.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital initiated coverage on shares of Richtech Robotics in a report on Tuesday. They issued a “buy” rating and a $3.00 target price on the 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.