Ridgetech (NASDAQ:RDGT) Major Shareholder Financial Lp Hrt Sells 57,998 Shares

Ridgetech Inc. (NASDAQ:RDGT) major shareholder Financial Lp Hrt sold 57,998 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $1.60, for a total transaction of $92,796.80. Following the completion of the sale, the insider directly owned 61,753 shares in the company, valued at approximately $98,804.80. This trade represents a 48.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, June 15th, Financial Lp Hrt sold 8,091 shares of Ridgetech stock. The stock was sold at an average price of $1.60, for a total transaction of $12,945.60.
• 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 transaction of $9,854.26.

Ridgetech Stock Performance

Shares of NASDAQ RDGT opened at $1.40 on Friday. Ridgetech Inc. has a 52 week low of $1.21 and a 52 week high of $760.50. The business has a 50-day simple moving average of $1.74 and a two-hundred day simple moving average of $229.27.

Analyst Ratings Changes

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