Pitanium (NASDAQ:PTNM) Stock Price Down 14.3% - What's Next?

Key Points

• Pitanium Limited's stock price fell by 14.3%, trading as low as $9.80 after closing at $12.12, with trading volume increasing significantly to 1,490,600 shares.
• Weiss Ratings has reissued a "sell" rating for Pitanium, and consensus among analysts currently stands at a rating of "Sell".
• The company's 50-day moving average is reported at $6.04, indicating a significant decline from its recent stock price.

Pitanium Limited (NASDAQ:PTNM - Get Free Report) shares were down 14.3% during mid-day trading on Friday . The stock traded as low as $9.80 and last traded at $10.39. Approximately 1,490,600 shares changed hands during trading, an increase of 75% from the average daily volume of 851,397 shares. The stock had previously closed at $12.12.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (e-)" rating on shares of Pitanium in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of "Sell".

Pitanium Trading Down 14.3%

The company has a 50 day moving average of $6.04.

Pitanium Company Profile

Our Operating Subsidiary is a retailer in Hong Kong focusing on the sale of its proprietary brand products, namely PITANIUM and BIG PI online. It also generates revenue from the offline sale at six retail stores situated in Hong Kong's premier shopping destinations. This positioning not only enhances the brand's visibility but also aligns it with the discerning tastes of its target demographic.

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