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 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 sale was disclosed in a document filed with the SEC, which is accessible through this link.

Richtech Robotics Stock Down 15.2 %

Shares of RR opened at $1.90 on Wednesday. The company’s 50-day moving average price is $2.44 and its 200 day moving average price is $1.55. Richtech Robotics Inc. has a 12-month low of $0.30 and a 12-month high of $5.20. The company has a current ratio of 39.74, a quick ratio of 70.11 and a debt-to-equity ratio of 0.01. The firm has a market cap of $212.90 million, a P/E ratio of -14.62 and a beta of -7.94.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in shares of Richtech Robotics in the fourth quarter valued at $31,000. Global Wealth Management Investment Advisory Inc. purchased a new position in Richtech Robotics during the 4th quarter valued at about $47,000. Arete Wealth Advisors LLC acquired a new position in Richtech Robotics in the 4th quarter valued at about $69,000. Cary Street Partners Financial LLC purchased a new stake in Richtech Robotics during the fourth quarter worth about $92,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Richtech Robotics during the fourth quarter worth about $113,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital assumed coverage on Richtech Robotics in a research report on Tuesday. They issued a “buy” rating and a $3.00 price objective for the company.

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.