Rain Enhancement Technologies Holdco (NASDAQ:RAIN – Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.40) earnings per share (EPS) for the quarter, Zacks reports.
Rain Enhancement Technologies Holdco Trading Down 5.2%
Shares of RAIN stock traded down $0.05 during midday trading on Friday, hitting $0.92. The company had a trading volume of 232,287 shares, compared to its average volume of 1,566,613. Rain Enhancement Technologies Holdco has a 52-week low of $0.89 and a 52-week high of $8.52. The company’s 50 day simple moving average is $1.72 and its 200 day simple moving average is $2.20.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Rain Enhancement Technologies Holdco from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.
Institutional Investors Weigh In On Rain Enhancement Technologies Holdco
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in Rain Enhancement Technologies Holdco by 38,985.0% during the third quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock worth $43,000 after buying an additional 7,797 shares in the last quarter. Quarry LP purchased a new position in shares of Rain Enhancement Technologies Holdco in the 4th quarter worth $88,000. Finally, Geode Capital Management LLC lifted its stake in shares of Rain Enhancement Technologies Holdco by 29.2% in the 4th quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock valued at $127,000 after purchasing an additional 4,896 shares in the last quarter. Institutional investors and hedge funds own 25.79% of the company’s stock.
Rain Enhancement Technologies Holdco Company Profile
As of January 26, 2024, operates as a subsidiary of Pathos AI, Inc
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