Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 115,710 shares of the company's stock, valued at approximately $1,527,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of Red Cat as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Twin Tree Management LP acquired a new position in Red Cat in the 4th quarter valued at approximately $28,000. United Capital Management of KS Inc. raised its stake in shares of Red Cat by 7.4% in the fourth quarter. United Capital Management of KS Inc. now owns 45,650 shares of the company's stock valued at $587,000 after purchasing an additional 3,150 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its position in Red Cat by 34.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 13,400 shares of the company's stock worth $172,000 after purchasing an additional 3,400 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in Red Cat in the fourth quarter worth $48,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Red Cat during the fourth quarter worth $60,000. 37.97% of the stock is owned by institutional investors and hedge funds.
Red Cat Price Performance
NASDAQ:RCAT traded down $0.62 during trading hours on Friday, reaching $6.17. The company had a trading volume of 4,553,145 shares, compared to its average volume of 4,097,699. The firm has a market capitalization of $528.45 million, a PE ratio of -11.43 and a beta of 1.34. The stock has a 50-day moving average of $7.20 and a two-hundred day moving average of $6.92. Red Cat Holdings, Inc. has a one year low of $0.78 and a one year high of $15.27. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.30.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Northland Securities began coverage on shares of Red Cat in a research note on Tuesday, March 11th. They issued an "outperform" rating and a $13.00 price objective for the company. Northland Capmk raised shares of Red Cat to a "strong-buy" rating in a research report on Monday, March 10th.
Read Our Latest Analysis on Red Cat
About Red Cat
(
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.
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