Pitanium (NASDAQ:PTNM) Shares Down 14.3% – Should You Sell?

Shares of Pitanium Limited (NASDAQ:PTNM) fell 14.3% on Monday . The stock traded as low as $9.80 and last traded at $10.39. 1,490,600 shares changed hands during trading, The stock had previously closed at $12.12.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Pitanium in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Pitanium Trading Down 14.3%

The business has a fifty day moving average of $10.39 and a 200 day moving average of $7.74.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pitanium stock. BNP Paribas Financial Markets bought a new position in shares of Pitanium Limited (NASDAQ:PTNM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $147,000. BNP Paribas Financial Markets owned approximately 0.05% of Pitanium as of its most recent SEC filing.

About Pitanium

Our Operating Subsidiary is a retailer in Hong Kong focusing on the sale of its proprietary brand products, namely PITANIUM and BIG PI online. It also generates revenue from the offline sale at six retail stores situated in Hong Kong’s premier shopping destinations. This positioning not only enhances the brand’s visibility but also aligns it with the discerning tastes of its target demographic. The brand “PITANIUM” was launched in 2019 and began by offering high-end skincare and haircare solutions to spas in Hong Kong.