Raytech (NASDAQ:RAY) Posts Quarterly Earnings Results

Raytech (NASDAQ:RAY) posted its earnings results on Friday. The company reported $0.30 EPS for the quarter, FiscalAI reports. The company had revenue of $3.86 million for the quarter.

Raytech Price Performance

Shares of RAY stock opened at $2.76 on Friday. Raytech has a 12-month low of $1.40 and a 12-month high of $58.88. The business has a 50 day simple moving average of $3.02 and a 200 day simple moving average of $3.52.

Analyst Ratings Changes

Separately, Weiss Ratings cut Raytech from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Raytech

Several institutional investors have recently bought and sold shares of RAY. Virtu Financial LLC increased its stake in Raytech by 631.7% during the 3rd quarter. Virtu Financial LLC now owns 85,408 shares of the company’s stock valued at $42,000 after buying an additional 73,735 shares during the period. Marex Group plc acquired a new stake in shares of Raytech in the 2nd quarter worth approximately $60,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Raytech in the 1st quarter worth approximately $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.