Armlogi (NASDAQ:BTOC) Stock Price Up 0.7% – Should You Buy?

Shares of Armlogi Holding Corp. (NASDAQ:BTOCGet Free Report) were up 0.7% during trading on Tuesday . The company traded as high as $0.6162 and last traded at $0.6080. Approximately 288,141 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,408,238 shares. The stock had previously closed at $0.6035.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Armlogi in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Armlogi currently has a consensus rating of “Sell”.

Read Our Latest Analysis on Armlogi

Armlogi Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $27.63 million, a P/E ratio of -1.48 and a beta of 2.46. The stock has a 50-day simple moving average of $0.68 and a 200-day simple moving average of $1.18.

Armlogi (NASDAQ:BTOCGet Free Report) last posted its earnings results on Thursday, November 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). Armlogi had a negative return on equity of 62.11% and a negative net margin of 8.72%.The company had revenue of $49.47 million during the quarter, compared to the consensus estimate of $50.98 million.

Institutional Trading of Armlogi

A hedge fund recently bought a new stake in Armlogi stock. Bank of America Corp DE purchased a new position in shares of Armlogi Holding Corp. (NASDAQ:BTOCFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,434 shares of the company’s stock, valued at approximately $27,000.

About Armlogi

(Get Free Report)

Armlogi Holding Corp. is a warehousing and logistics service provider which offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment. Armlogi Holding Corp. is based in WALNUT, CA.

Further Reading

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