Raytech (NASDAQ:RAY) Shares Down 2.6% – What’s Next?
by Jessica Moore · The Cerbat GemRaytech Holding Limited (NASDAQ:RAY – Get Free Report) shares traded down 2.6% during mid-day trading on Friday . The company traded as low as $3.65 and last traded at $3.70. 5,726 shares traded hands during trading, a decline of 56% from the average session volume of 13,042 shares. The stock had previously closed at $3.80.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Raytech in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Raytech has an average rating of “Sell”.
Raytech Trading Down 2.6%
The firm has a 50-day moving average of $3.56 and a two-hundred day moving average of $3.19.
Institutional Trading of Raytech
Several institutional investors and hedge funds have recently modified their holdings of RAY. Virtu Financial LLC lifted its position in shares of Raytech by 631.7% during the 3rd quarter. Virtu Financial LLC now owns 85,408 shares of the company’s stock worth $42,000 after buying an additional 73,735 shares during the last quarter. Marex Group plc acquired a new position in Raytech in the 2nd quarter worth about $60,000. Finally, Cetera Investment Advisers acquired a new position in Raytech in the 1st quarter worth about $82,000.
About Raytech
Raytech Holding Limited company specializes in design, sourcing and wholesale of personal care electrical appliances for international brand owners. Raytech Holding Limited is based in Hong Kong.