Armlogi (NASDAQ:BTOC) Trading 1.1% Higher – Here’s What Happened

Armlogi Holding Corp. (NASDAQ:BTOC)’s stock price was up 1.1% on Tuesday . The company traded as high as $0.2928 and last traded at $0.2740. 36,433 shares traded hands during trading, a decline of 85% from the average daily volume of 235,121 shares. The stock had previously closed at $0.2710.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Armlogi in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Armlogi Stock Performance

The stock has a market capitalization of $12.45 million, a price-to-earnings ratio of -0.58 and a beta of 2.77. The stock has a fifty day simple moving average of $0.28 and a two-hundred day simple moving average of $0.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.54.

Hedge Funds Weigh In On Armlogi

A hedge fund recently bought a new stake in Armlogi stock. Bank of America Corp DE acquired a new position in Armlogi Holding Corp. (NASDAQ:BTOC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 150,000 shares of the company’s stock, valued at approximately $45,000. Bank of America Corp DE owned 0.33% of Armlogi at the end of the most recent quarter.

Armlogi Company Profile

Armlogi Holding Corp. is a warehousing and logistics service provider which offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment. Armlogi Holding Corp. is based in WALNUT, CA.