Armlogi (NASDAQ:BTOC) Announces Quarterly Earnings Results

Armlogi (NASDAQ:BTOC) announced its quarterly earnings results on Wednesday. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.16), FiscalAI reports. The company had revenue of $41.68 million during the quarter, compared to analyst estimates of $55.01 million. Armlogi had a negative return on equity of 94.20% and a negative net margin of 10.70%.

Armlogi Stock Performance

NASDAQ:BTOC traded down $0.00 during mid-day trading on Friday, hitting $0.28. 58,724 shares of the company’s stock traded hands, compared to its average volume of 658,440. The firm has a market capitalization of $12.72 million, a price-to-earnings ratio of -0.60 and a beta of 2.54. The firm has a 50 day moving average of $0.28 and a two-hundred day moving average of $0.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.04. Armlogi has a 12 month low of $0.23 and a 12 month high of $1.78.

Institutional Investors Weigh In On Armlogi

A hedge fund recently raised its stake in Armlogi stock. Millennium Management LLC lifted its stake in Armlogi Holding Corp. (NASDAQ:BTOC) by 615.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,500 shares of the company’s stock after acquiring an additional 94,203 shares during the period. Millennium Management LLC owned approximately 0.24% of Armlogi worth $88,000 at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Armlogi in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Armlogi has an average rating of “Sell”.

Armlogi Company Profile

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.