IMC Chicago LLC Invests $1.31 Million in Richtech Robotics Inc. $RR

IMC Chicago LLC bought a new stake in shares of Richtech Robotics Inc. (NASDAQ:RRFree Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 305,703 shares of the company’s stock, valued at approximately $1,311,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Richtech Robotics by 128.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,463,608 shares of the company’s stock worth $2,854,000 after purchasing an additional 824,253 shares during the period. Bank of America Corp DE grew its position in Richtech Robotics by 3,231.2% during the second quarter. Bank of America Corp DE now owns 1,248,742 shares of the company’s stock worth $2,435,000 after buying an additional 1,211,256 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Richtech Robotics by 4.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 862,730 shares of the company’s stock worth $1,682,000 after buying an additional 39,249 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Richtech Robotics during the second quarter valued at about $526,000. Finally, Goldman Sachs Group Inc. acquired a new position in Richtech Robotics in the 1st quarter valued at approximately $459,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Richtech Robotics

Here are the key news stories impacting Richtech Robotics this week:

Richtech Robotics Price Performance

Richtech Robotics stock opened at $3.40 on Friday. The firm has a market capitalization of $731.34 million, a P/E ratio of -24.29 and a beta of -3.63. The stock has a fifty day moving average price of $3.82 and a two-hundred day moving average price of $3.76. Richtech Robotics Inc. has a 52-week low of $1.37 and a 52-week high of $7.43.

Richtech Robotics (NASDAQ:RRGet Free Report) last issued its earnings results on Tuesday, January 20th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $1.44 million for the quarter, compared to the consensus estimate of $1.31 million. Richtech Robotics had a negative net margin of 312.09% and a negative return on equity of 13.08%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Richtech Robotics in a report on Monday, December 22nd. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of Richtech Robotics in a research report on Monday, February 2nd. Finally, Wall Street Zen raised shares of Richtech Robotics from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.50.

Get Our Latest Stock Analysis on Richtech Robotics

Richtech Robotics Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Richtech Robotics (NASDAQ:RR)

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