Financial Lp Hrt Sells 8,091 Shares of Ridgetech (NASDAQ:RDGT) Stock

Ridgetech Inc. (NASDAQ:RDGT) major shareholder Financial Lp Hrt sold 8,091 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $1.60, for a total value of $12,945.60. Following the completion of the sale, the insider directly owned 119,751 shares of the company’s stock, valued at $191,601.60. The trade was a 6.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Friday, June 12th, Financial Lp Hrt sold 6,526 shares of Ridgetech stock. The stock was sold at an average price of $1.51, for a total value of $9,854.26.

Ridgetech Stock Down 8.7%

Shares of Ridgetech stock traded down $0.13 during trading on Wednesday, reaching $1.36. The company’s stock had a trading volume of 2,461,570 shares, compared to its average volume of 541,344. Ridgetech Inc. has a 1-year low of $1.21 and a 1-year high of $760.50. The company has a 50-day simple moving average of $1.84 and a two-hundred day simple moving average of $238.62.

Wall Street Analysts Forecast Growth

RDGT has been the subject of a number of recent analyst reports. Weiss Ratings cut Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised Ridgetech to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Ridgetech Company Profile

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming. Its stores provide various pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, traditional Chinese medicines (TCM), personal and family care products, and medical devices, as well as convenience products, such as consumable, seasonal, and promotional items.