reAlpha Tech (NASDAQ:AIRE) Stock Price Down 3.1% – Time to Sell?

Shares of reAlpha Tech Corp. (NASDAQ:AIRE) were down 3.1% during trading on Tuesday . The stock traded as low as $1.25 and last traded at $1.25. Approximately 47,955 shares traded hands during trading, a decline of 96% from the average daily volume of 1,294,957 shares. The stock had previously closed at $1.29.

reAlpha Tech Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50-day simple moving average is $1.60 and its 200 day simple moving average is $1.42.

Institutional Investors Weigh In On reAlpha Tech

An institutional investor recently raised its position in reAlpha Tech stock. Geode Capital Management LLC lifted its position in reAlpha Tech Corp. (NASDAQ:AIRE) by 17.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,394 shares of the company’s stock after acquiring an additional 12,435 shares during the quarter. Geode Capital Management LLC owned 0.19% of reAlpha Tech worth $247,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.02% of the company’s stock.

reAlpha Tech Company Profile

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.