Raytech (NASDAQ:RAY) Shares Down 9.1% – What’s Next?

Raytech Holding Limited (NASDAQ:RAY)’s stock price fell 9.1% on Wednesday . The company traded as low as $3.85 and last traded at $3.99. 88,040 shares traded hands during trading, an increase of 427% from the average session volume of 16,704 shares. The stock had previously closed at $4.39.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Raytech in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Raytech Price Performance

The firm has a fifty day moving average of $3.87 and a 200 day moving average of $5.35.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Raytech stock. Marex Group plc acquired a new stake in shares of Raytech Holding Limited (NASDAQ:RAY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,216 shares of the company’s stock, valued at approximately $60,000. Marex Group plc owned 0.12% of Raytech as of its most recent SEC filing.

About Raytech

Raytech Holding Limited company specializes in design, sourcing and wholesale of personal care electrical appliances for international brand owners. Raytech Holding Limited is based in Hong Kong.