Richtech Robotics (NASDAQ:RR) Raised to “Hold” at Freedom Capital

Richtech Robotics (NASDAQ:RR) was upgraded by equities research analysts at Freedom Capital from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

RR has been the subject of a number of other reports. Wall Street Zen upgraded Richtech Robotics from a “strong sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Richtech Robotics in a report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.00.

Richtech Robotics Stock Performance

Shares of Richtech Robotics stock opened at $1.72 on Friday. The stock has a market cap of $387.17 million, a price-to-earnings ratio of -17.20 and a beta of -0.65. The stock has a 50 day moving average price of $1.81 and a 200-day moving average price of $2.34. Richtech Robotics has a one year low of $1.30 and a one year high of $7.43.

Hedge Funds Weigh In On Richtech Robotics

Several institutional investors and hedge funds have recently modified their holdings of RR. R Squared Ltd acquired a new position in Richtech Robotics in the 1st quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in shares of Richtech Robotics in the fourth quarter valued at about $26,000. Principal Financial Group Inc. purchased a new stake in shares of Richtech Robotics during the first quarter worth about $27,000. Griffin Asset Management Inc. acquired a new position in shares of Richtech Robotics during the 1st quarter worth about $29,000. Finally, Axxcess Wealth Management LLC purchased a new position in Richtech Robotics in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Richtech Robotics Company Profile

Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.