Reitar Logtech (NASDAQ:RITR) Stock Price Down 3.1% – What’s Next?

Reitar Logtech Holdings Limited (NASDAQ:RITR) shares traded down 3.1% during trading on Friday . The company traded as low as $0.4660 and last traded at $0.47. 19,709 shares were traded during mid-day trading, a decline of 30% from the average session volume of 28,047 shares. The stock had previously closed at $0.4848.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Reitar Logtech in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Reitar Logtech Price Performance

The business’s fifty day moving average is $0.50 and its two-hundred day moving average is $0.81.

Reitar Logtech (NASDAQ:RITR) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $3.56 million for the quarter.

Hedge Funds Weigh In On Reitar Logtech

A number of hedge funds have recently added to or reduced their stakes in RITR. Geode Capital Management LLC bought a new stake in Reitar Logtech in the 2nd quarter worth approximately $131,000. JPMorgan Chase & Co. purchased a new stake in Reitar Logtech during the 3rd quarter valued at $108,000. BNP Paribas Financial Markets purchased a new stake in Reitar Logtech during the 3rd quarter valued at $518,000. Finally, Citadel Advisors LLC purchased a new stake in Reitar Logtech during the 3rd quarter valued at $140,000.

Reitar Logtech Company Profile

Reitar Logtech Holdings Limited, through its subsidiaries, provides construction management and engineering design services. It operates in two segments, Asset Management and Professional Consultancy Services; and Construction Management and Engineering Design Services. The company provides construction management and engineering design services for cold storage facilities, automated warehouses, renovated offices, and tailor-made electrical systems. It also offers asset management services for construction projects, including refrigerated storages and warehouses; and professional consultancy services for construction projects, such as renovation works, interior designs and modification works of commercial units, and residential or commercial redevelopment works.