Global Wealth Management Investment Advisory Inc. Invests $47,000 in Richtech Robotics Inc. (NASDAQ:RR)

Global Wealth Management Investment Advisory Inc. purchased a new position in shares of Richtech Robotics Inc. (NASDAQ:RR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,250 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in Richtech Robotics during the second quarter worth about $142,000. Virtu Financial LLC lifted its holdings in shares of Richtech Robotics by 662.1% in the third quarter. Virtu Financial LLC now owns 188,764 shares of the company’s stock valued at $158,000 after purchasing an additional 163,994 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Richtech Robotics in the third quarter valued at about $174,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

Richtech Robotics Trading Down 4.1 %

Shares of NASDAQ RR opened at $3.01 on Tuesday. Richtech Robotics Inc. has a 12-month low of $0.30 and a 12-month high of $5.20. The company has a quick ratio of 70.11, a current ratio of 72.63 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $2.28 and its two-hundred day moving average is $1.36.

Richtech Robotics 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.