Raytech (NASDAQ:RAY) Releases Earnings Results

Raytech (NASDAQ:RAY) released its quarterly earnings data on Friday. The company reported $0.30 EPS for the quarter, FiscalAI reports. The firm had revenue of $3.86 million during the quarter.

Raytech Price Performance

Shares of NASDAQ RAY traded up $0.10 on Friday, hitting $2.76. The company had a trading volume of 5,946 shares, compared to its average volume of 27,927. Raytech has a 12-month low of $1.40 and a 12-month high of $58.88. The business has a 50 day moving average of $3.02 and a two-hundred day moving average of $3.52.

Hedge Funds Weigh In On Raytech

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers acquired a new stake in Raytech in the first quarter valued at approximately $82,000. Marex Group plc purchased a new stake in shares of Raytech during the second quarter valued at approximately $60,000. Finally, Virtu Financial LLC lifted its position in shares of Raytech by 631.7% during the third quarter. Virtu Financial LLC now owns 85,408 shares of the company’s stock worth $42,000 after purchasing an additional 73,735 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Raytech from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Raytech presently has a consensus rating of “Sell”.

Raytech Company Profile

Raytech Holding Limited company specializes in design, sourcing and wholesale of personal care electrical appliances for international brand owners. Raytech Holding Limited is based in Hong Kong.