Richtech Robotics (NASDAQ:RR) Trading Down 3.7% – Should You Sell?

Shares of Richtech Robotics Inc. (NASDAQ:RR) traded down 3.7% on Friday . The company traded as low as $1.54 and last traded at $1.55. Approximately 7,092,266 shares changed hands during trading, a decline of 6% from the average daily volume of 7,551,410 shares. The stock had previously closed at $1.61.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Richtech Robotics in a report on Tuesday. Wall Street Zen raised shares of Richtech Robotics from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Richtech Robotics presently has an average rating of “Hold” and an average price target of $6.00.

Richtech Robotics Trading Down 3.7%

The stock has a 50 day simple moving average of $2.19 and a 200-day simple moving average of $2.62. The firm has a market cap of $333.40 million, a PE ratio of -11.07 and a beta of -0.84.

Institutional Trading of Richtech Robotics

Several institutional investors have recently made changes to their positions in the business. R Squared Ltd bought a new stake in Richtech Robotics during the 1st quarter valued at approximately $25,000. Summit Securities Group LLC bought a new position in Richtech Robotics in the 4th quarter worth approximately $26,000. Principal Financial Group Inc. purchased a new stake in Richtech Robotics during the 1st quarter valued at approximately $27,000. Griffin Asset Management Inc. purchased a new stake in Richtech Robotics during the 1st quarter valued at approximately $29,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of Richtech Robotics during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Richtech Robotics Company Profile

Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.