Pitanium (NASDAQ:PTNM) Trading Down 14.3% – Should You Sell?

Pitanium Limited (NASDAQ:PTNM) shares traded down 14.3% during trading on Monday . The stock traded as low as $9.80 and last traded at $10.39. 1,490,600 shares traded hands during trading, The stock had previously closed at $12.12.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Pitanium in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Pitanium Stock Down 14.3%

The firm has a 50-day simple moving average of $9.94.

Institutional Investors Weigh In On Pitanium

An institutional investor recently bought a new position in Pitanium stock. Vanguard Personalized Indexing Management LLC bought a new position in shares of Pitanium Limited (NASDAQ:PTNM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,476 shares of the company’s stock, valued at approximately $312,000. Vanguard Personalized Indexing Management LLC owned 0.11% of Pitanium as of its most recent filing with the Securities and Exchange Commission (SEC).

About Pitanium

Our Operating Subsidiary is a retailer in Hong Kong focusing on the sale of its proprietary brand products, namely PITANIUM and BIG PI online. It also generates revenue from the offline sale at six retail stores situated in Hong Kong’s premier shopping destinations. This positioning not only enhances the brand’s visibility but also aligns it with the discerning tastes of its target demographic.