Armlogi (NASDAQ:BTOC) Trading Up 1.1% – Here’s What Happened

Armlogi Holding Corp. (NASDAQ:BTOC) shares shot up 1.1% during trading on Tuesday . The company traded as high as $0.2928 and last traded at $0.2740. 36,433 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 235,121 shares. The stock had previously closed at $0.2710.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Armlogi in a research note on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Armlogi Stock Performance

The firm’s fifty day simple moving average is $0.28 and its 200 day simple moving average is $0.30. The company has a market capitalization of $12.93 million, a price-to-earnings ratio of -0.61 and a beta of 2.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.54 and a quick ratio of 0.54.

Hedge Funds Weigh In On Armlogi

A hedge fund recently bought a new position in Armlogi stock. Bank of America Corp DE acquired a new position in shares of Armlogi Holding Corp. (NASDAQ:BTOC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,434 shares of the company’s stock, valued at approximately $27,000.

About Armlogi

Armlogi Holding Corp. is a warehousing and logistics service provider which offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment. Armlogi Holding Corp. is based in WALNUT, CA.