Reitar Logtech (NASDAQ:RITR) Issues Quarterly Earnings Results

Reitar Logtech (NASDAQ:RITR) announced its earnings results on Tuesday. The company reported ($0.04) earnings per share for the quarter, FiscalAI reports. The business had revenue of $3.56 million for the quarter.

Reitar Logtech Stock Up 9.3%

Shares of RITR opened at $0.56 on Thursday. Reitar Logtech has a 12-month low of $0.51 and a 12-month high of $8.37. The stock’s fifty day simple moving average is $0.75 and its 200-day simple moving average is $1.59.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Reitar Logtech in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Reitar Logtech presently has a consensus rating of “Sell”.

Institutional Trading of Reitar Logtech

Several institutional investors and hedge funds have recently added to or reduced their stakes in RITR. JPMorgan Chase & Co. acquired a new position in Reitar Logtech during the 3rd quarter valued at about $108,000. Geode Capital Management LLC acquired a new stake in shares of Reitar Logtech during the 2nd quarter worth approximately $131,000. Citadel Advisors LLC acquired a new stake in shares of Reitar Logtech during the 3rd quarter worth approximately $140,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Reitar Logtech during the third quarter worth approximately $518,000.

Reitar Logtech Company Profile

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. It also offers asset management services for construction projects, including refrigerated storages and warehouses; and professional consultancy services for construction projects, such as renovation works, interior designs and modification works of commercial units, and residential or commercial redevelopment works.