Richtech Robotics (NASDAQ:RR) Upgraded to “Hold” at Freedom Capital

Freedom Capital upgraded shares of Richtech Robotics (NASDAQ:RR) from a strong sell rating to a hold rating in a research note issued to investors on Sunday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on RR. Weiss Ratings reissued a “sell (d-)” rating on shares of Richtech Robotics in a research note on Tuesday, July 21st. Wall Street Zen raised Richtech Robotics from a “strong sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Richtech Robotics currently has an average rating of “Hold” and an average price target of $6.00.

Richtech Robotics Price Performance

RR opened at $1.72 on Friday. The company has a fifty day moving average price of $1.81 and a 200-day moving average price of $2.34. The firm has a market capitalization of $387.17 million, a P/E ratio of -17.20 and a beta of -0.65. Richtech Robotics has a one year low of $1.30 and a one year high of $7.43.

Institutional Trading of Richtech Robotics

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Richtech Robotics by 164.0% during the third quarter. Vanguard Group Inc. now owns 4,612,887 shares of the company’s stock valued at $19,789,000 after buying an additional 2,865,386 shares during the last quarter. State Street Corp lifted its stake in shares of Richtech Robotics by 99.7% in the 4th quarter. State Street Corp now owns 4,446,247 shares of the company’s stock valued at $14,361,000 after acquiring an additional 2,219,849 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Richtech Robotics by 73.5% in the 4th quarter. Geode Capital Management LLC now owns 3,586,863 shares of the company’s stock valued at $11,589,000 after acquiring an additional 1,519,613 shares during the last quarter. Bank of America Corp DE boosted its holdings in Richtech Robotics by 738.8% during the 1st quarter. Bank of America Corp DE now owns 1,847,776 shares of the company’s stock valued at $3,862,000 after acquiring an additional 1,627,482 shares during the period. Finally, UBS Group AG boosted its holdings in Richtech Robotics by 412.2% during the 4th quarter. UBS Group AG now owns 1,804,574 shares of the company’s stock valued at $5,829,000 after acquiring an additional 1,452,236 shares during the period. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

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.