Financial Lp Hrt Purchases 30,939 Shares of Ridgetech (NASDAQ:RDGT) Stock

Ridgetech Inc. (NASDAQ:RDGT) major shareholder Financial Lp Hrt purchased 30,939 shares of Ridgetech stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of $1.52 per share, for a total transaction of $47,027.28. Following the completion of the transaction, the insider owned 90,302 shares in the company, valued at approximately $137,259.04. The trade was a 52.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, July 1st, Financial Lp Hrt acquired 10,197 shares of Ridgetech stock. The shares were acquired at an average cost of $1.50 per share, with a total value of $15,295.50.
• On Tuesday, June 16th, Financial Lp Hrt sold 57,998 shares of Ridgetech stock. The stock was sold at an average price of $1.60, for a total transaction of $92,796.80.
• On Monday, June 15th, Financial Lp Hrt sold 8,091 shares of Ridgetech stock. The shares were sold at an average price of $1.60, for a total value of $12,945.60.
• On Friday, June 12th, Financial Lp Hrt sold 6,526 shares of Ridgetech stock. The shares were sold at an average price of $1.51, for a total value of $9,854.26.

Ridgetech Stock Up 6.2%

Shares of Ridgetech stock traded up $0.09 on Thursday, reaching $1.54. 551,263 shares of the company were exchanged, compared to its average volume of 1,310,471. Ridgetech Inc. has a 1-year low of $1.21 and a 1-year high of $760.50. The company’s 50-day moving average is $1.56 and its two-hundred day moving average is $191.60.

Analysts Set New Price Targets

RDGT has been the subject of several recent research reports. Weiss Ratings lowered shares of Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded shares of 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, Ridgetech has an average rating of “Sell”.

About Ridgetech

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.