Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 3,430,559 shares changed hands during mid-day trading, an increase of 200% from the previous session's volume of 1,143,657 shares.The stock last traded at $8.38 and had previously closed at $7.30.
Red Cat Trading Up 27.3 %
The stock's 50 day moving average price is $3.39 and its two-hundred day moving average price is $2.33. The firm has a market capitalization of $701.02 million, a price-to-earnings ratio of -18.39 and a beta of -0.07.
Red Cat (NASDAQ:RCAT - Get Free Report) last issued its quarterly earnings data on Monday, September 23rd. The company reported ($0.17) earnings per share (EPS) for the quarter. The firm had revenue of $2.78 million during the quarter. Red Cat had a negative net margin of 162.50% and a negative return on equity of 66.19%. On average, sell-side analysts forecast that Red Cat Holdings, Inc. will post -0.33 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Red Cat
A number of institutional investors have recently bought and sold shares of the business. Wolverine Trading LLC acquired a new stake in Red Cat in the 3rd quarter valued at $233,000. State Street Corp boosted its stake in shares of Red Cat by 44.9% during the 3rd quarter. State Street Corp now owns 221,958 shares of the company's stock worth $564,000 after acquiring an additional 68,800 shares during the period. Centiva Capital LP bought a new stake in Red Cat in the 3rd quarter valued at $207,000. Corsair Capital Management L.P. acquired a new position in shares of Red Cat during the 3rd quarter worth $308,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in Red Cat in the 3rd quarter worth about $138,000. 37.97% of the stock is currently owned by institutional investors and hedge funds.
Red Cat Company Profile
(
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.
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