Armlogi (NASDAQ:BTOC) Stock Price Down 2.2% – Should You Sell?

Armlogi Holding Corp. (NASDAQ:BTOC)’s share price dropped 2.2% on Monday . The stock traded as low as $0.2250 and last traded at $0.25. Approximately 538,666 shares traded hands during trading, an increase of 636% from the average session volume of 73,152 shares. The stock had previously closed at $0.2556.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Armlogi in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Armlogi Trading Down 2.2%

The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05. The company has a 50-day simple moving average of $0.30 and a 200 day simple moving average of $0.33. The firm has a market cap of $11.36 million, a PE ratio of -0.53 and a beta of 2.75.

Armlogi (NASDAQ:BTOC) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.16). The business had revenue of $41.68 million during the quarter, compared to analyst estimates of $55.01 million. Armlogi had a negative return on equity of 104.33% and a negative net margin of 10.70%.

Institutional Trading of Armlogi

A hedge fund recently raised its position in Armlogi stock. Millennium Management LLC raised its holdings in Armlogi Holding Corp. (NASDAQ:BTOC) by 615.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,500 shares of the company’s stock after acquiring an additional 94,203 shares during the period. Millennium Management LLC owned approximately 0.24% of Armlogi worth $88,000 at the end of the most recent quarter.

Armlogi Company Profile

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.