Exchange Traded Concepts LLC Invests $923,000 in Richtech Robotics Inc. $RR

Exchange Traded Concepts LLC bought a new stake in shares of Richtech Robotics Inc. (NASDAQ:RR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 215,203 shares of the company’s stock, valued at approximately $923,000. Exchange Traded Concepts LLC owned approximately 0.14% of Richtech Robotics at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC acquired a new stake in Richtech Robotics during the second quarter valued at $28,000. Delos Wealth Advisors LLC purchased a new stake in shares of Richtech Robotics during the 2nd quarter worth about $29,000. RiverGlades Family Offices LLC acquired a new stake in shares of Richtech Robotics during the 2nd quarter valued at about $32,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Richtech Robotics in the 2nd quarter valued at about $33,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Richtech Robotics in the 1st quarter valued at about $40,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RR. HC Wainwright increased their price target on Richtech Robotics from $3.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Richtech Robotics in a research report on Monday, December 22nd. Finally, Wall Street Zen cut shares of Richtech Robotics from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.50.

Richtech Robotics Price Performance

NASDAQ RR opened at $3.36 on Monday. The stock’s 50 day simple moving average is $4.02 and its 200-day simple moving average is $3.37. The company has a market cap of $503.63 million, a PE ratio of -19.76 and a beta of -3.79. Richtech Robotics Inc. has a 1-year low of $1.37 and a 1-year high of $7.43.

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.