Richtech Robotics (NASDAQ:RR) Trading 7.9% Higher – Should You Buy?

Richtech Robotics Inc. (NASDAQ:RR) shares rose 7.9% on Thursday . The company traded as high as $0.59 and last traded at $0.57. Approximately 3,461,473 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 4,881,368 shares. The stock had previously closed at $0.53.

Richtech Robotics Trading Up 7.9 %

The stock has a 50-day moving average of $0.70 and a 200 day moving average of $1.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.17 and a current ratio of 3.27.

Hedge Funds Weigh In On Richtech Robotics

A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new position in Richtech Robotics during the 2nd quarter worth about $142,000. Virtu Financial LLC grew its position in Richtech Robotics by 662.1% in the 3rd quarter. Virtu Financial LLC now owns 188,764 shares of the company’s stock valued at $158,000 after acquiring an additional 163,994 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Richtech Robotics during the third quarter worth about $174,000. 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.