Vontobel Holding Ltd. bought a new position in shares of Richtech Robotics Inc. (NASDAQ:RR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 73,501 shares of the company's stock, valued at approximately $143,000. Vontobel Holding Ltd. owned about 0.06% of Richtech Robotics at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in RR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Richtech Robotics in the first quarter valued at approximately $1,630,000. OMERS ADMINISTRATION Corp acquired a new position in Richtech Robotics in the first quarter valued at approximately $703,000. Goldman Sachs Group Inc. acquired a new position in Richtech Robotics in the first quarter valued at approximately $459,000. WealthPlan Investment Management LLC acquired a new position in Richtech Robotics in the first quarter valued at approximately $257,000. Finally, Capital Advisors Inc. OK acquired a new position in Richtech Robotics in the second quarter valued at approximately $195,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.
Richtech Robotics Trading Down 8.5%
Shares of RR stock opened at $6.16 on Thursday. The firm has a fifty day moving average price of $3.79 and a 200 day moving average price of $2.65. The company has a market cap of $923.35 million, a P/E ratio of -36.23 and a beta of -4.14. Richtech Robotics Inc. has a 12 month low of $0.52 and a 12 month high of $7.43.
Richtech Robotics (NASDAQ:RR - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.04) EPS for the quarter, hitting analysts' consensus estimates of ($0.04). The firm had revenue of $1.18 million during the quarter, compared to the consensus estimate of $1.42 million. Richtech Robotics had a negative net margin of 366.21% and a negative return on equity of 23.85%.
Insider Activity at Richtech Robotics
In related news, COO Phil Zheng sold 100,000 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $5.11, for a total transaction of $511,000.00. Following the completion of the transaction, the chief operating officer owned 1,000,000 shares in the company, valued at approximately $5,110,000. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 25.70% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on RR. Weiss Ratings reiterated a "sell (e+)" rating on shares of Richtech Robotics in a report on Wednesday, October 8th. HC Wainwright boosted their target price on Richtech Robotics from $3.50 to $6.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Finally, Wall Street Zen raised Richtech Robotics from a "sell" rating to a "hold" rating in a research report on Saturday, October 11th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $4.50.
Check Out Our Latest Report on RR
About Richtech Robotics
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding RR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Richtech Robotics Inc. (NASDAQ:RR - Free Report).
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