Armlogi (NASDAQ:BTOC) Shares Down 4.3% - What's Next?

Key Points

• Armlogi Holding Corp. (NASDAQ:BTOC) experienced a significant decline in stock price, falling 4.3% to last trade at $1.35.
• The company's market capitalization stands at $56.85 million, with a P/E ratio of -5.87 and a beta of 3.22.
• Several institutional investors, including Squarepoint Ops LLC and OMERS ADMINISTRATION Corp, have recently increased their stakes in Armlogi, indicating potential confidence in the company's future.

Shares of Armlogi Holding Corp. (NASDAQ:BTOC - Get Free Report) were down 4.3% during mid-day trading on Monday . The company traded as low as $1.33 and last traded at $1.35. Approximately 6,063 shares were traded during trading, a decline of 68% from the average daily volume of 19,062 shares. The stock had previously closed at $1.41.

Armlogi Price Performance

The stock has a 50-day simple moving average of $1.52 and a 200-day simple moving average of $1.42. The stock has a market cap of $52.01 million, a PE ratio of -5.37 and a beta of 3.21.

Institutional Trading of Armlogi

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