Armlogi (NASDAQ:BTOC) Issues Quarterly Earnings Results

Armlogi (NASDAQ:BTOC) posted its earnings results on Thursday. The company reported ($0.15) earnings per share for the quarter, Zacks reports. Armlogi had a negative return on equity of 49.90% and a negative net margin of 8.06%.

Armlogi Trading Down 19.6%

NASDAQ:BTOC traded down $0.11 on Friday, reaching $0.43. 4,451,199 shares of the stock traded hands, compared to its average volume of 389,907. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.02. Armlogi has a 1-year low of $0.41 and a 1-year high of $6.66. The company’s 50 day moving average is $0.86 and its 200-day moving average is $1.25. The firm has a market capitalization of $19.63 million, a price-to-earnings ratio of -1.17 and a beta of 2.56.

Hedge Funds Weigh In On Armlogi

An institutional investor recently bought a new position in Armlogi stock. Bank of America Corp DE bought a new stake in Armlogi Holding Corp. (NASDAQ:BTOC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,434 shares of the company’s stock, valued at approximately $27,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Armlogi in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Armlogi has a consensus rating of “Sell”.

About Armlogi

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.