Insider Selling: Richtech Robotics Inc. (NASDAQ:RR) President Sells 60,000 Shares of Stock

Richtech Robotics Inc. (NASDAQ:RR) President Matthew G. Casella sold 60,000 shares of Richtech Robotics stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1.67, for a total transaction of $100,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Richtech Robotics Stock Performance

RR stock traded up $0.55 during midday trading on Monday, reaching $2.24. 17,379,334 shares of the company were exchanged, compared to its average volume of 9,718,778. The company has a debt-to-equity ratio of 0.01, a current ratio of 39.74 and a quick ratio of 70.11. The business has a 50-day moving average price of $2.52 and a two-hundred day moving average price of $1.54. Richtech Robotics Inc. has a one year low of $0.30 and a one year high of $5.20. The firm has a market capitalization of $251.00 million, a price-to-earnings ratio of -17.23 and a beta of -7.94.

Richtech Robotics (NASDAQ:RR) last announced its earnings results on Friday, February 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $1.26 million during the quarter. Richtech Robotics had a negative net margin of 203.60% and a negative return on equity of 32.24%.

Institutional Investors Weigh In On Richtech Robotics

Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in Richtech Robotics during the fourth quarter worth about $31,000. Global Wealth Management Investment Advisory Inc. acquired a new position in Richtech Robotics during the fourth quarter worth about $47,000. Arete Wealth Advisors LLC acquired a new position in Richtech Robotics during the fourth quarter worth about $69,000. Cary Street Partners Financial LLC acquired a new position in shares of Richtech Robotics in the fourth quarter valued at approximately $92,000. Finally, Two Sigma Investments LP bought a new position in Richtech Robotics in the 4th quarter valued at approximately $113,000. Institutional investors own 0.01% of the company’s stock.

Richtech Robotics Company Profile

Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.