Ridgetech (NASDAQ:RDGT) Major Shareholder Financial Lp Hrt Buys 10,197 Shares of Stock

Ridgetech Inc. (NASDAQ:RDGT) major shareholder Financial Lp Hrt bought 10,197 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were purchased at an average cost of $1.50 per share, for a total transaction of $15,295.50. Following the completion of the transaction, the insider owned 100,499 shares of the company’s stock, valued at $150,748.50. This represents a 11.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% 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 Tuesday, June 30th, Financial Lp Hrt acquired 30,939 shares of Ridgetech stock. The stock was purchased at an average price of $1.52 per share, with a total value of $47,027.28.
• On Tuesday, June 16th, Financial Lp Hrt sold 57,998 shares of Ridgetech stock. The stock was sold at an average price of $1.60, for a total value of $92,796.80.
• On Monday, June 15th, Financial Lp Hrt sold 8,091 shares of Ridgetech stock. The shares were sold at an average price of $1.60, for a total value of $12,945.60.
• On Friday, June 12th, Financial Lp Hrt sold 6,526 shares of Ridgetech stock. The shares were sold at an average price of $1.51, for a total value of $9,854.26.

Ridgetech Stock Performance

Shares of NASDAQ RDGT opened at $1.53 on Friday. Ridgetech Inc. has a one year low of $1.21 and a one year high of $760.50. The business has a fifty day simple moving average of $1.54 and a 200 day simple moving average of $187.46.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RDGT shares. Weiss Ratings lowered shares of Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of Ridgetech to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock 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.