Richtech Robotics (NASDAQ:RR) Earns Buy Rating from Analysts at Lake Street Capital

Lake Street Capital assumed coverage on shares of Richtech Robotics (NASDAQ:RR) in a research note published on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $3.00 price target on the stock.

Richtech Robotics Price Performance

Richtech Robotics stock opened at $2.14 on Tuesday. The stock’s 50 day moving average is $2.40 and its 200 day moving average is $1.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 39.74 and a quick ratio of 70.11. The firm has a market cap of $239.79 million, a P/E ratio of -16.46 and a beta of -7.94. Richtech Robotics has a one year low of $0.30 and a one year high of $5.20.

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

Insiders Place Their Bets

In other news, President Matthew G. Casella sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.67, for a total transaction of $100,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 41.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Richtech Robotics

Several hedge funds and other institutional investors have recently modified their holdings of RR. Citadel Advisors LLC bought a new stake in shares of Richtech Robotics during the fourth quarter valued at approximately $31,000. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Richtech Robotics during the fourth quarter valued at approximately $47,000. Arete Wealth Advisors LLC bought a new stake in Richtech Robotics during the fourth quarter worth $69,000. Cary Street Partners Financial LLC bought a new stake in Richtech Robotics during the fourth quarter worth $92,000. Finally, Two Sigma Investments LP bought a new stake in Richtech Robotics during the fourth quarter worth $113,000. 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.