Citadel Advisors LLC Purchases Shares of 11,565 Richtech Robotics Inc. (NASDAQ:RR)

Citadel Advisors LLC purchased a new stake in shares of Richtech Robotics Inc. (NASDAQ:RR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,565 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds have also added to or reduced their stakes in the business. Arete Wealth Advisors LLC acquired a new stake in shares of Richtech Robotics during the fourth quarter worth $69,000. Cary Street Partners Financial LLC acquired a new stake in shares of Richtech Robotics during the fourth quarter worth $92,000. Renaissance Technologies LLC acquired a new stake in shares of Richtech Robotics during the fourth quarter worth $226,000. XTX Topco Ltd acquired a new stake in shares of Richtech Robotics during the fourth quarter worth $293,000. Finally, Northern Trust Corp acquired a new stake in shares of Richtech Robotics during the fourth quarter worth $297,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

Insider Buying and Selling

In other Richtech Robotics news, COO Phil Zheng sold 105,213 shares of Richtech Robotics stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $2.64, for a total value of $277,762.32. Following the transaction, the chief operating officer now owns 1,294,787 shares in the company, valued at $3,418,237.68. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 41.30% of the stock is owned by company insiders.

Richtech Robotics Stock Down 2.0%

Shares of NASDAQ RR opened at $1.99 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 70.11 and a current ratio of 39.74. Richtech Robotics Inc. has a 52 week low of $0.30 and a 52 week high of $5.20. The stock has a market capitalization of $227.86 million, a P/E ratio of -13.27 and a beta of -4.37. The stock’s fifty day moving average is $2.14 and its 200 day moving average is $2.14.

Richtech Robotics (NASDAQ:RR) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Richtech Robotics had a negative return on equity of 32.24% and a negative net margin of 203.60%. The company had revenue of $1.17 million during the quarter, compared to the consensus estimate of $1.91 million.

Analysts Set New Price Targets

RR has been the subject of a number of research reports. Lake Street Capital initiated coverage on Richtech Robotics in a report on Tuesday, March 18th. They set a “buy” rating and a $3.00 target price for the company. HC Wainwright initiated coverage on Richtech Robotics in a research report on Friday, April 11th. They issued a “buy” rating and a $3.50 price target on the stock.

Richtech Robotics Profile

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.