Richtech Robotics Inc. (NASDAQ:RR) Major Shareholder Bliss Ltd King Sells 2,200,000 Shares

Richtech Robotics Inc. (NASDAQ:RR) major shareholder Bliss Ltd King sold 2,200,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $0.34, for a total transaction of $748,000.00. Following the completion of the transaction, the insider now directly owns 1,734,846 shares of the company’s stock, valued at $589,847.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Richtech Robotics Trading Down 4.4 %

RR opened at $0.71 on Thursday. The stock has a fifty day moving average of $0.92 and a 200-day moving average of $1.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.17 and a current ratio of 3.27. Richtech Robotics Inc. has a 12-month low of $0.30 and a 12-month high of $12.29.

Richtech Robotics (NASDAQ:RR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $1.44 million during the quarter.

Hedge Funds Weigh In On Richtech Robotics

An institutional investor recently bought a new position in Richtech Robotics stock. Renaissance Technologies LLC purchased a new position in Richtech Robotics Inc. (NASDAQ:RR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 108,400 shares of the company’s stock, valued at approximately $142,000. Renaissance Technologies LLC owned about 0.16% of Richtech Robotics at the end of the most recent quarter. 0.01% of the stock is currently owned by institutional investors and hedge funds.

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.