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

Richtech Robotics Inc. (NASDAQ:RRGet Free Report) President Matthew G. Casella sold 60,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1.67, for a total transaction of $100,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Richtech Robotics Price Performance

NASDAQ:RR opened at $2.24 on Tuesday. Richtech Robotics Inc. has a 12-month low of $0.30 and a 12-month high of $5.20. The firm has a market capitalization of $251.00 million, a price-to-earnings ratio of -17.23 and a beta of -7.94. The stock’s 50 day moving average price is $2.48 and its two-hundred day moving average price is $1.54. 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 (NASDAQ:RRGet Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported ($0.04) earnings per share for the quarter. Richtech Robotics had a negative net margin of 203.60% and a negative return on equity of 32.24%. The business had revenue of $1.26 million during the quarter.

Institutional Trading of Richtech Robotics

Several hedge funds and other institutional investors have recently modified their holdings of RR. Two Sigma Investments LP bought a new position in shares of Richtech Robotics during the fourth quarter worth approximately $113,000. Millennium Management LLC acquired a new position in Richtech Robotics in the 4th quarter valued at $198,000. Citadel Advisors LLC bought a new position in Richtech Robotics during the 4th quarter worth $31,000. Cary Street Partners Financial LLC acquired a new stake in shares of Richtech Robotics during the fourth quarter worth $92,000. Finally, Jane Street Group LLC boosted its position in shares of Richtech Robotics by 113.0% in the fourth quarter. Jane Street Group LLC now owns 442,248 shares of the company’s stock valued at $1,194,000 after acquiring an additional 234,578 shares during the period. Institutional investors own 0.01% of the company’s stock.

Richtech Robotics Company Profile

(Get Free Report)

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.

Further Reading

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