Richtech Robotics (NASDAQ:RR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Richtech Robotics (NASDAQ:RR) from a strong sell rating to a hold rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Richtech Robotics in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Richtech Robotics currently has an average rating of “Hold” and a consensus price target of $6.00.

Richtech Robotics Stock Performance

Shares of NASDAQ:RR opened at $1.72 on Friday. The company has a market cap of $387.17 million, a PE ratio of -17.20 and a beta of -0.65. Richtech Robotics has a 52 week low of $1.30 and a 52 week high of $7.43. The firm has a 50 day simple moving average of $1.81 and a 200 day simple moving average of $2.34.

Hedge Funds Weigh In On Richtech Robotics

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Richtech Robotics by 164.0% in the third quarter. Vanguard Group Inc. now owns 4,612,887 shares of the company’s stock worth $19,789,000 after purchasing an additional 2,865,386 shares in the last quarter. State Street Corp grew its position in Richtech Robotics by 99.7% during the fourth quarter. State Street Corp now owns 4,446,247 shares of the company’s stock valued at $14,361,000 after purchasing an additional 2,219,849 shares in the last quarter. Bank of America Corp DE increased its stake in Richtech Robotics by 738.8% in the 1st quarter. Bank of America Corp DE now owns 1,847,776 shares of the company’s stock valued at $3,862,000 after buying an additional 1,627,482 shares during the period. Geode Capital Management LLC increased its stake in Richtech Robotics by 73.5% in the 4th quarter. Geode Capital Management LLC now owns 3,586,863 shares of the company’s stock valued at $11,589,000 after buying an additional 1,519,613 shares during the period. Finally, UBS Group AG lifted its position in Richtech Robotics by 412.2% in the 4th quarter. UBS Group AG now owns 1,804,574 shares of the company’s stock worth $5,829,000 after buying an additional 1,452,236 shares in the last quarter. Institutional investors and hedge funds own 0.01% of the company’s stock.

Richtech Robotics Company Profile

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.