Red Cat (NASDAQ:RCAT – Get Free Report) final issued its quarterly earnings outcomes on Friday, December fifteenth. The firm reported ($0.09) earnings per share (EPS) for the quarter. The firm had income of $3.93 million in the course of the quarter. Red Cat had a destructive internet margin of 259.51% and a destructive return on fairness of 51.42%.
Red Cat Stock Down 5.1 %
Shares of RCAT inventory opened at $0.75 on Friday. The inventory has a market capitalization of $41.82 million, a PE ratio of -1.44 and a beta of 0.54. Red Cat has a 52-week low of $0.53 and a 52-week excessive of $1.47. The inventory’s 50-day shifting common value is $0.73 and its 200 day shifting common value is $0.83.
Hedge Funds Weigh In On Red Cat
Several institutional traders have just lately added to or lowered their stakes within the inventory. Vanguard Group Inc. boosted its holdings in Red Cat by 1.6% within the third quarter. Vanguard Group Inc. now owns 1,297,368 shares of the corporate’s inventory valued at $1,257,000 after buying a further 20,638 shares within the final quarter. Geode Capital Management LLC boosted its holdings in Red Cat by 27.3% within the 2nd quarter. Geode Capital Management LLC now owns 344,644 shares of the corporate’s inventory valued at $410,000 after buying a further 73,968 shares within the final quarter. State Street Corp boosted its holdings in Red Cat by 61.1% within the 1st quarter. State Street Corp now owns 109,058 shares of the corporate’s inventory valued at $220,000 after buying a further 41,358 shares within the final quarter. Cambridge Investment Research Advisors Inc. bought a brand new stake in Red Cat within the 4th quarter valued at roughly $198,000. Finally, Bank of America Corp DE boosted its holdings in Red Cat by 55.9% within the 1st quarter. Bank of America Corp DE now owns 81,144 shares of the corporate’s inventory valued at $164,000 after buying a further 29,091 shares within the final quarter. Institutional traders and hedge funds personal 7.54% of the corporate’s inventory.
About Red Cat
(Get Free Report)
Red Cat Holdings, Inc engages within the provision of varied merchandise, providers, and options to the drone trade. The firm operates by means of two segments: Enterprise and Consumer. It constructed infrastructure to manages drone fleets and fly, and supply providers remotely, navigate confined industrial inside areas and harmful army atmosphere.
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