Ridgetech (NASDAQ:RDGT) Major Shareholder Purchases $47,027.28 in Stock

Ridgetech Inc. (NASDAQ:RDGT) major shareholder Financial Lp Hrt acquired 30,939 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $1.52 per share, with a total value of $47,027.28. Following the completion of the purchase, the insider directly owned 90,302 shares of the company’s stock, valued at approximately $137,259.04. This represents a 52.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, July 1st, Financial Lp Hrt bought 10,197 shares of Ridgetech stock. The stock was purchased at an average price of $1.50 per share, for a total transaction of $15,295.50.
• On Tuesday, June 16th, Financial Lp Hrt sold 57,998 shares of Ridgetech stock. The shares were sold at an average price of $1.60, for a total transaction of $92,796.80.
• On Monday, June 15th, Financial Lp Hrt sold 8,091 shares of Ridgetech stock. The stock was sold at an average price of $1.60, for a total transaction of $12,945.60.
• On Friday, June 12th, Financial Lp Hrt sold 6,526 shares of Ridgetech stock. The stock was sold at an average price of $1.51, for a total transaction of $9,854.26.

Ridgetech Stock Performance

Shares of Ridgetech stock opened at $1.53 on Friday. Ridgetech Inc. has a 12-month low of $1.21 and a 12-month high of $760.50. The company has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $180.44.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RDGT shares. Wall Street Zen raised Ridgetech to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings cut Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Ridgetech currently has an average rating of “Sell”.

About Ridgetech

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming. Its stores provide various pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, traditional Chinese medicines (TCM), personal and family care products, and medical devices, as well as convenience products, such as consumable, seasonal, and promotional items.