Reitar Logtech (NASDAQ:RITR) Shares Down 6.7% - Time to Sell?

Reitar Logtech Holdings Ltd (NASDAQ:RITR - Get Free Report)'s share price traded down 6.7% during trading on Friday . The company traded as low as $3.17 and last traded at $3.20. 28,989 shares traded hands during trading, a decline of 88% from the average session volume of 247,061 shares. The stock had previously closed at $3.43.

Reitar Logtech Price Performance

The company's fifty day simple moving average is $3.62 and its 200 day simple moving average is $3.55.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Reitar Logtech stock. XTX Topco Ltd purchased a new position in Reitar Logtech Holdings Ltd (NASDAQ:RITR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,217 shares of the company's stock, valued at approximately $38,000.

About Reitar Logtech

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.