Ridgetech (NASDAQ:RDGT) Major Shareholder Financial Lp Hrt Sells 8,091 Shares

Ridgetech Inc. (NASDAQ:RDGT) major shareholder Financial Lp Hrt sold 8,091 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $1.60, for a total transaction of $12,945.60. Following the sale, the insider directly owned 119,751 shares in the company, valued at $191,601.60. This trade represents a 6.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Friday, June 12th, Financial Lp Hrt sold 6,526 shares of Ridgetech stock. The stock was sold at an average price of $1.51, for a total transaction of $9,854.26.

Ridgetech Stock Down 8.7%

Ridgetech stock opened at $1.36 on Thursday. The firm’s 50 day simple moving average is $1.79 and its 200 day simple moving average is $234.08. Ridgetech Inc. has a 1-year low of $1.21 and a 1-year high of $760.50.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Ridgetech to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings lowered shares of Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ridgetech currently has an average rating of “Sell”.

Ridgetech Company Profile

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming. Its stores provide various pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, traditional Chinese medicines (TCM), personal and family care products, and medical devices, as well as convenience products, such as consumable, seasonal, and promotional items.