Red Cat (NASDAQ:RCAT) Stock Price Up 1.7%

Red Cat Holdings, Inc. (NASDAQ:RCATGet Free Report)’s share price was up 1.7% on Monday . The stock traded as high as $1.19 and last traded at $1.17. Approximately 401,951 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 503,197 shares. The stock had previously closed at $1.15.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH began coverage on shares of Red Cat in a research report on Friday, June 14th. They issued a “buy” rating and a $4.00 target price for the company.

Read Our Latest Stock Analysis on RCAT

Red Cat Stock Up 1.7 %

The stock has a 50 day moving average price of $1.09 and a 200 day moving average price of $0.92. The stock has a market capitalization of $86.91 million, a price-to-earnings ratio of -2.25 and a beta of -0.11.

Institutional Investors Weigh In On Red Cat

A number of institutional investors have recently modified their holdings of the company. Worth Venture Partners LLC acquired a new position in Red Cat during the 4th quarter worth approximately $1,101,000. Gladstone Institutional Advisory LLC acquired a new stake in Red Cat in the 4th quarter valued at $41,000. AIGH Capital Management LLC bought a new position in shares of Red Cat in the fourth quarter valued at $4,423,000. Finally, PVG Asset Management Corp bought a new stake in shares of Red Cat during the fourth quarter worth about $230,000. 37.97% of the stock is owned by institutional investors.

Red Cat Company Profile

(Get Free Report)

Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.

Further Reading

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