Raytech (NASDAQ:RAY) Stock Price Down 4.7% – What’s Next?

Raytech Holding Limited (NASDAQ:RAY)’s stock price fell 4.7% on Wednesday . The stock traded as low as $1.7710 and last traded at $1.84. 18,897 shares were traded during mid-day trading, a decline of 97% from the average session volume of 572,262 shares. The stock had previously closed at $1.93.

Analysts Set New Price Targets

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

Raytech Stock Down 4.7%

The stock has a 50 day moving average price of $5.24 and a 200 day moving average price of $20.46.

Institutional Trading of Raytech

A hedge fund recently raised its stake in Raytech stock. Virtu Financial LLC increased its position in Raytech Holding Limited (NASDAQ:RAY) by 631.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,408 shares of the company’s stock after buying an additional 73,735 shares during the quarter. Virtu Financial LLC owned 3.14% of Raytech worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.