Renaissance Technologies LLC Invests $267,000 in Red Cat Holdings, Inc. (NASDAQ:RCAT)

Renaissance Technologies LLC acquired a new stake in Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 232,600 shares of the company's stock, valued at approximately $267,000. Renaissance Technologies LLC owned approximately 0.31% of Red Cat at the end of the most recent quarter.

Separately, PVG Asset Management Corp purchased a new position in shares of Red Cat during the fourth quarter valued at $230,000. 37.97% of the stock is currently owned by institutional investors.

Red Cat Stock Performance

RCAT stock traded up $0.19 during trading on Friday, reaching $3.38. The company had a trading volume of 1,725,381 shares, compared to its average volume of 852,579. The company has a market cap of $251.07 million, a price-to-earnings ratio of -6.50 and a beta of -0.03. Red Cat Holdings, Inc. has a twelve month low of $0.52 and a twelve month high of $3.65. The firm has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $1.81.

Red Cat (NASDAQ:RCAT - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.10) EPS for the quarter. Red Cat had a negative net margin of 162.50% and a negative return on equity of 66.19%. The company had revenue of $6.31 million during the quarter. Sell-side analysts expect that Red Cat Holdings, Inc. will post -0.33 earnings per share for the current year.

Red Cat Profile

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.