Global Wealth Management Investment Advisory Inc. Acquires New Position in Richtech Robotics Inc. (NASDAQ:RR)

Global Wealth Management Investment Advisory Inc. purchased a new position in shares of Richtech Robotics Inc. (NASDAQ:RR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 17,250 shares of the company’s stock, valued at approximately $47,000.

A number of other large investors also recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in Richtech Robotics during the second quarter worth approximately $142,000. Virtu Financial LLC increased its position in shares of Richtech Robotics by 662.1% in the third quarter. Virtu Financial LLC now owns 188,764 shares of the company’s stock worth $158,000 after acquiring an additional 163,994 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Richtech Robotics in the third quarter worth $174,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Richtech Robotics Stock Performance

Richtech Robotics stock opened at $3.01 on Tuesday. Richtech Robotics Inc. has a 52-week low of $0.30 and a 52-week high of $5.20. The firm has a fifty day moving average of $2.28 and a 200-day moving average of $1.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 72.63 and a quick ratio of 70.11.

About Richtech Robotics

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.