Red Cat (NASDAQ:RCAT) Releases Quarterly Earnings Results

Red Cat (NASDAQ:RCATGet Free Report) issued its quarterly earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, Yahoo Finance reports. The business had revenue of $5.85 million for the quarter. Red Cat had a negative return on equity of 52.25% and a negative net margin of 206.42%.

Red Cat Stock Down 6.4 %

RCAT stock opened at $0.73 on Wednesday. The firm’s 50-day moving average is $0.73 and its 200 day moving average is $0.83. Red Cat has a 12 month low of $0.53 and a 12 month high of $1.47.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RCAT. UBS Group AG grew its stake in shares of Red Cat by 195.9% during the third quarter. UBS Group AG now owns 16,098 shares of the company’s stock worth $27,000 after acquiring an additional 10,658 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Red Cat by 30.8% during the second quarter. Northern Trust Corp now owns 54,888 shares of the company’s stock valued at $112,000 after buying an additional 12,940 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of Red Cat during the first quarter valued at $38,000. Vanguard Group Inc. grew its stake in Red Cat by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,297,368 shares of the company’s stock valued at $1,257,000 after purchasing an additional 20,638 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Red Cat during the 1st quarter valued at about $52,000. Hedge funds and other institutional investors own 7.54% of the company’s stock.

About Red Cat

(Get Free Report)

Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.

See Also

Earnings History for Red Cat (NASDAQ:RCAT)

Receive News & Ratings for Red Cat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Cat and related companies with MarketBeat.com's FREE daily email newsletter.