Armlogi (NASDAQ:BTOC) Stock Price Up 0.7% – Here’s Why

Armlogi Holding Corp. (NASDAQ:BTOC) shares were up 0.7% during mid-day trading on Tuesday . The company traded as high as $0.6162 and last traded at $0.6080. Approximately 288,141 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,408,238 shares. The stock had previously closed at $0.6035.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Armlogi in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Armlogi Trading Up 0.7%

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $27.63 million, a price-to-earnings ratio of -1.48 and a beta of 2.46. The business’s fifty day moving average price is $0.68 and its 200 day moving average price is $1.18.

Armlogi (NASDAQ:BTOC) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). The company had revenue of $49.47 million during the quarter, compared to analyst estimates of $50.98 million. Armlogi had a negative net margin of 8.72% and a negative return on equity of 62.11%.

Hedge Funds Weigh In On Armlogi

A hedge fund recently bought a new stake in Armlogi stock. Bank of America Corp DE bought a new stake in Armlogi Holding Corp. (NASDAQ:BTOC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,434 shares of the company’s stock, valued at approximately $27,000.

About Armlogi

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.