Financial Lp Hrt Sells 57,998 Shares of Ridgetech (NASDAQ:RDGT) Stock

Ridgetech Inc. (NASDAQ:RDGT) major shareholder Financial Lp Hrt sold 57,998 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $1.60, for a total value of $92,796.80. Following the transaction, the insider directly owned 61,753 shares in the company, valued at $98,804.80. This trade represents a 48.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% 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 Monday, June 15th, Financial Lp Hrt sold 8,091 shares of Ridgetech stock. The stock was 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 stock was sold at an average price of $1.51, for a total transaction of $9,854.26.

Ridgetech Stock Performance

RDGT opened at $1.40 on Friday. The business has a fifty day simple moving average of $1.70 and a 200-day simple moving average of $225.22. Ridgetech Inc. has a 52 week low of $1.21 and a 52 week high of $760.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Ridgetech to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently 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.