Ridgetech (NASDAQ:RDGT) Major Shareholder Financial Lp Hrt Sells 8,091 Shares

Ridgetech Inc. (NASDAQ:RDGT) major shareholder Financial Lp Hrt sold 8,091 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $1.60, for a total value of $12,945.60. Following the transaction, the insider directly owned 119,751 shares of the company’s stock, valued at approximately $191,601.60. The trade was a 6.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Friday, June 12th, Financial Lp Hrt sold 6,526 shares of Ridgetech stock. The shares were sold at an average price of $1.51, for a total value of $9,854.26.

Ridgetech Price Performance

Ridgetech stock traded down $0.13 during midday trading on Wednesday, reaching $1.36. 2,461,570 shares of the stock traded hands, compared to its average volume of 541,344. The stock’s fifty day moving average is $1.84 and its 200-day moving average is $238.62. Ridgetech Inc. has a 12 month low of $1.21 and a 12 month high of $760.50.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RDGT. Weiss Ratings downgraded Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded Ridgetech to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ridgetech presently has a consensus rating of “Sell”.

About Ridgetech

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming. Its stores provide various pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, traditional Chinese medicines (TCM), personal and family care products, and medical devices, as well as convenience products, such as consumable, seasonal, and promotional items.