Richtech Robotics Inc. (NASDAQ:RR) President Matthew G. Casella Sells 60,000 Shares of Stock

Richtech Robotics Inc. (NASDAQ:RR) President Matthew G. Casella sold 60,000 shares of Richtech Robotics stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1.67, for a total value of $100,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Richtech Robotics Stock Up 32.5 %

RR stock opened at $2.24 on Tuesday. The company has a market cap of $251.00 million, a price-to-earnings ratio of -17.23 and a beta of -7.94. The company has a quick ratio of 70.11, a current ratio of 39.74 and a debt-to-equity ratio of 0.01. Richtech Robotics Inc. has a twelve month low of $0.30 and a twelve month high of $5.20. The business has a 50 day moving average price of $2.48 and a two-hundred day moving average price of $1.54.

Richtech Robotics (NASDAQ:RR) last announced its earnings results on Friday, February 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $1.26 million for the quarter. Richtech Robotics had a negative return on equity of 32.24% and a negative net margin of 203.60%.

Institutional Trading of Richtech Robotics

Several institutional investors and hedge funds have recently made changes to their positions in RR. Jane Street Group LLC bought a new stake in Richtech Robotics in the third quarter worth about $174,000. Global Wealth Management Investment Advisory Inc. purchased a new stake in Richtech Robotics in the 4th quarter worth about $47,000. Virtu Financial LLC raised its stake in Richtech Robotics by 662.1% in the 3rd quarter. Virtu Financial LLC now owns 188,764 shares of the company’s stock valued at $158,000 after acquiring an additional 163,994 shares during the period. Millennium Management LLC bought a new stake in Richtech Robotics in the 4th quarter valued at about $198,000. Finally, Two Sigma Investments LP bought a new position in Richtech Robotics during the fourth quarter worth about $113,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

About Richtech Robotics

Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.