Reitar Logtech (NASDAQ:RITR) Releases Earnings Results

Reitar Logtech (NASDAQ:RITRGet Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. The firm had revenue of $3.56 million during the quarter.

Reitar Logtech Stock Performance

RITR opened at $0.51 on Wednesday. The stock’s 50 day simple moving average is $0.76 and its 200 day simple moving average is $1.60. Reitar Logtech has a 1-year low of $0.51 and a 1-year high of $8.37.

Institutional Trading of Reitar Logtech

A number of institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in Reitar Logtech in the third quarter valued at $518,000. Geode Capital Management LLC purchased a new stake in shares of Reitar Logtech in the 2nd quarter worth about $131,000. Citadel Advisors LLC purchased a new stake in shares of Reitar Logtech in the 3rd quarter worth about $140,000. Finally, JPMorgan Chase & Co. acquired a new stake in Reitar Logtech in the 3rd quarter valued at about $108,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Reitar Logtech in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

View Our Latest Stock Report on RITR

About Reitar Logtech

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Reitar Logtech Holdings Limited, through its subsidiaries, provides construction management and engineering design services. It operates in two segments, Asset Management and Professional Consultancy Services; and Construction Management and Engineering Design Services. The company provides construction management and engineering design services for cold storage facilities, automated warehouses, renovated offices, and tailor-made electrical systems. It also offers asset management services for construction projects, including refrigerated storages and warehouses; and professional consultancy services for construction projects, such as renovation works, interior designs and modification works of commercial units, and residential or commercial redevelopment works.

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