Red Cat (NASDAQ:RCAT – Get 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
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.
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