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Reitar Logtech (NASDAQ:RITR) Stock Price Up 11.9% - Here's What Happened

Reitar Logtech logo with Multi-Sector Conglomerates background

Key Points

  • Reitar Logtech's stock increased by 11.9% on Thursday, reaching a high of $4.30 before closing at $4.14 amid a lower trading volume.
  • Several institutional investors have recently acquired shares of Reitar Logtech, with notable purchases from Citadel Advisors and Geode Capital Management.
  • The company specializes in construction management and engineering design services, focusing on projects such as cold storage facilities and automated warehouses.
  • Need better tools to track Reitar Logtech? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Reitar Logtech Holdings Limited (NASDAQ:RITR - Get Free Report) rose 11.9% during mid-day trading on Thursday . The stock traded as high as $4.30 and last traded at $4.14. Approximately 124,996 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 317,409 shares. The stock had previously closed at $3.70.

Reitar Logtech Stock Up 0.6%

The company's fifty day simple moving average is $4.59 and its 200 day simple moving average is $3.79.

Hedge Funds Weigh In On Reitar Logtech

Several large investors have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in shares of Reitar Logtech during the fourth quarter valued at approximately $115,000. Geode Capital Management LLC purchased a new position in Reitar Logtech in the 2nd quarter worth approximately $131,000. XTX Topco Ltd grew its position in Reitar Logtech by 134.3% in the 1st quarter. XTX Topco Ltd now owns 23,938 shares of the company's stock worth $67,000 after purchasing an additional 13,721 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Reitar Logtech in the 2nd quarter worth approximately $51,000.

Reitar Logtech Company Profile

(Get Free Report)

Reitar Logtech Holdings Limited, through its subsidiaries, provides construction management and engineering design services. It operates in two segments, Asset Management and Professional Consultancy Services; and Construction Management and Engineering Design Services. The company provides construction management and engineering design services for cold storage facilities, automated warehouses, renovated offices, and tailor-made electrical systems.

Further Reading

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