Geode Capital Management LLC Raises Stock Holdings in Richtech Robotics Inc. (NASDAQ:RR)

Geode Capital Management LLC lifted its stake in Richtech Robotics Inc. (NASDAQ:RR - Free Report) by 93.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 440,760 shares of the company's stock after buying an additional 212,709 shares during the quarter. Geode Capital Management LLC owned approximately 0.39% of Richtech Robotics worth $1,190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC bought a new stake in Richtech Robotics in the 3rd quarter valued at $174,000. Virtu Financial LLC boosted its stake in Richtech Robotics by 662.1% during the third quarter. Virtu Financial LLC now owns 188,764 shares of the company's stock valued at $158,000 after buying an additional 163,994 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. purchased a new position in Richtech Robotics during the 4th quarter valued at approximately $47,000. Institutional investors own 0.01% of the company's stock.

Richtech Robotics Trading Up 9.0 %

Shares of RR traded up $0.18 during mid-day trading on Friday, reaching $2.18. 4,898,778 shares of the company's stock traded hands, compared to its average volume of 10,721,939. Richtech Robotics Inc. has a 12 month low of $0.30 and a 12 month high of $5.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 39.74 and a quick ratio of 70.11. The stock has a market cap of $249.62 million, a P/E ratio of -16.77 and a beta of -5.18. The stock's 50-day moving average is $1.94 and its two-hundred day moving average is $1.81.

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

Insider Activity at Richtech Robotics

In other Richtech Robotics news, President Matthew G. Casella sold 60,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1.67, for a total transaction of $100,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 41.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on RR. HC Wainwright assumed coverage on shares of Richtech Robotics in a research report on Friday, April 11th. They set a "buy" rating and a $3.50 price objective for the company. Lake Street Capital started coverage on shares of Richtech Robotics in a research note on Tuesday, March 18th. They set 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.