Pitanium (NASDAQ:PTNM) Shares Down 14.3% – What’s Next?

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Pitanium in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Pitanium has a consensus rating of “Sell”.

Pitanium Price Performance

The company has a 50 day simple moving average of $10.39 and a 200 day simple moving average of $8.87.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pitanium stock. BNP Paribas Financial Markets purchased a new position in shares of Pitanium Limited (NASDAQ:PTNM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,000 shares of the company’s stock, valued at approximately $147,000. BNP Paribas Financial Markets owned approximately 0.05% of Pitanium at the end of the most recent reporting period.

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.