Reitar Logtech (NASDAQ:RITR) Shares Down 3.1% – Time to Sell?

Shares of Reitar Logtech Holdings Limited (NASDAQ:RITR) traded down 3.1% during trading on Friday . The stock traded as low as $0.4660 and last traded at $0.47. 19,709 shares were traded during trading, a decline of 30% from the average session volume of 28,047 shares. The stock had previously closed at $0.4848.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Reitar Logtech in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Reitar Logtech Stock Down 3.1%

The company’s fifty day moving average price is $0.50 and its 200-day moving average price is $0.81.

Reitar Logtech (NASDAQ:RITR) last released its earnings results on Tuesday, March 31st. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $3.56 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in Reitar Logtech in the 3rd quarter worth approximately $108,000. Geode Capital Management LLC acquired a new stake in Reitar Logtech during the 2nd quarter valued at approximately $131,000. Citadel Advisors LLC acquired a new stake in Reitar Logtech during the 3rd quarter valued at approximately $140,000. Finally, BNP Paribas Financial Markets acquired a new stake in Reitar Logtech during the 3rd quarter valued at approximately $518,000.

About Reitar Logtech

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.