Roth CH Acquisition (NASDAQ:USCT) Trading Down 12.3%

Shares of Roth CH Acquisition Co. (NASDAQ:USCT) dropped 12.3% on Wednesday . The stock traded as low as $9.86 and last traded at $9.86. Approximately 24,468 shares changed hands during trading, a decline of 58% from the average daily volume of 57,573 shares. The stock had previously closed at $11.24.

Roth CH Acquisition Price Performance

The firm has a 50 day moving average of $11.03 and a two-hundred day moving average of $10.96.

Hedge Funds Weigh In On Roth CH Acquisition

A hedge fund recently bought a new stake in Roth CH Acquisition stock. Cowen AND Company LLC purchased a new stake in Roth CH Acquisition Co. (NASDAQ:USCT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 65,000 shares of the company’s stock, valued at approximately $701,000. Cowen AND Company LLC owned about 0.83% of Roth CH Acquisition as of its most recent filing with the Securities and Exchange Commission. 25.44% of the stock is owned by hedge funds and other institutional investors.

Roth CH Acquisition Company Profile

Roth CH Acquisition Co does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It focuses on businesses in the advanced manufacturing, artificial intelligence, automation, data security, energy storage and power management, financial technology, industrial software, Internet of Things, microelectronics, robotics, and wireless communications equipment sectors.