Renaissance Technologies LLC Makes New $142,000 Investment in Richtech Robotics Inc. (NASDAQ:RR)

Renaissance Technologies LLC purchased a new stake in shares of Richtech Robotics Inc. (NASDAQ:RR) during the second quarter, HoldingsChannel.com reports. The fund purchased 108,400 shares of the company’s stock, valued at approximately $142,000.

Richtech Robotics Price Performance

Richtech Robotics stock opened at $0.68 on Monday. The business has a 50-day simple moving average of $0.93 and a two-hundred day simple moving average of $1.19. Richtech Robotics Inc. has a 52-week low of $0.30 and a 52-week high of $12.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.17 and a current ratio of 3.27.

Richtech Robotics (NASDAQ:RR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $1.44 million for the quarter.

About Richtech Robotics

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.