Armlogi (NASDAQ:BTOC) Trading Down 1.3% - Here's Why

Key Points

• Armlogi Holding Corp.'s stock price decreased by 1.3% to $1.57, with trading volume down 46% compared to the average daily volume.
• The company reported a negative EPS of ($0.09) in its latest quarterly earnings and has a negative net margin of 5.31%.
• Recent activity among institutional investors includes new stakes from firms such as Bank of America and Millennium Management, indicating growing interest in Armlogi.

Armlogi Holding Corp. (NASDAQ:BTOC - Get Free Report)'s share price traded down 1.3% on Friday . The stock traded as low as $1.52 and last traded at $1.57. 10,485 shares changed hands during trading, a decline of 46% from the average session volume of 19,567 shares. The stock had previously closed at $1.59.

Armlogi Trading Up 2.9%

The firm has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $1.71.

Armlogi (NASDAQ:BTOC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. Armlogi had a negative return on equity of 28.58% and a negative net margin of 5.31%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BTOC. Bank of America Corp DE acquired a new position in Armlogi during the 4th quarter valued at approximately $27,000. Millennium Management LLC acquired a new position in shares of Armlogi during the fourth quarter worth approximately $88,000. OMERS ADMINISTRATION Corp bought a new position in Armlogi during the 4th quarter valued at $158,000. Finally, Squarepoint Ops LLC bought a new stake in Armlogi during the fourth quarter worth approximately $163,000.

Armlogi Company Profile

Armlogi Holding Corp. is a warehousing and logistics service provider which offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment. Armlogi Holding Corp. is based in WALNUT, CA.