Reitar Logtech (NASDAQ:RITR) Trading 3.4% Higher – What’s Next?

Reitar Logtech Holdings Limited (NASDAQ:RITR)’s share price shot up 3.4% on Wednesday . The stock traded as high as $1.91 and last traded at $1.80. 1,864,662 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 1,811,541 shares. The stock had previously closed at $1.74.

Analyst Ratings Changes

Several equities analysts have recently commented on RITR shares. Wall Street Zen lowered shares of Reitar Logtech from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Reitar Logtech in a report on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Reitar Logtech Trading Up 3.4%

The stock’s fifty day simple moving average is $4.66 and its 200-day simple moving average is $4.27.

Institutional Investors Weigh In On Reitar Logtech

Hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Reitar Logtech in the 2nd quarter valued at $51,000. XTX Topco Ltd grew its position in Reitar Logtech by 134.3% during the 1st quarter. XTX Topco Ltd now owns 23,938 shares of the company’s stock worth $67,000 after purchasing an additional 13,721 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new position in Reitar Logtech during the 2nd quarter worth $131,000.

About Reitar Logtech

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.