Armlogi (NASDAQ:BTOC) Stock Price Down 2.2% – Should You Sell?

Shares of Armlogi Holding Corp. (NASDAQ:BTOC) traded down 2.2% during trading on Monday . The stock traded as low as $0.2250 and last traded at $0.25. 538,666 shares traded hands during mid-day trading, an increase of 636% from the average session volume of 73,152 shares. The stock had previously closed at $0.2556.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Armlogi in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Armlogi Trading Down 2.3%

The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05. The stock has a 50 day simple moving average of $0.30 and a 200-day simple moving average of $0.33. The firm has a market cap of $10.92 million, a P/E ratio of -0.51 and a beta of 2.75.

Armlogi (NASDAQ:BTOC) last posted its earnings results on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.16). Armlogi had a negative net margin of 10.70% and a negative return on equity of 104.33%. The firm had revenue of $41.68 million for the quarter, compared to the consensus estimate of $55.01 million.

Hedge Funds Weigh In On Armlogi

An institutional investor recently raised its stake in Armlogi stock. Millennium Management LLC lifted its holdings in Armlogi Holding Corp. (NASDAQ:BTOC) by 615.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,500 shares of the company’s stock after buying an additional 94,203 shares during the period. Millennium Management LLC owned about 0.24% of Armlogi worth $88,000 at the end of the most recent reporting period.

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.