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 business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $1.60, for a total transaction of $12,945.60. Following the sale, the insider owned 119,751 shares in the company, valued at approximately $191,601.60. This trade represents a 6.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 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 transaction of $9,854.26.

Ridgetech Price Performance

Shares of NASDAQ RDGT opened at $1.40 on Friday. Ridgetech Inc. has a 1 year low of $1.21 and a 1 year high of $760.50. The firm has a 50-day moving average of $1.74 and a 200 day moving average of $229.27.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. 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 upgraded Ridgetech to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently 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.