Ridgetech (NASDAQ:RDGT) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Ridgetech Inc. (NASDAQ:RDGT)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $261.15 and traded as low as $1.34. Ridgetech shares last traded at $1.55, with a volume of 12,906,377 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RDGT. Wall Street Zen upgraded shares of Ridgetech to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of Ridgetech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Ridgetech Price Performance

The business’s 50 day moving average price is $2.07 and its 200-day moving average price is $252.90.

Ridgetech Company Profile

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming. Its stores provide various pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, traditional Chinese medicines (TCM), personal and family care products, and medical devices, as well as convenience products, such as consumable, seasonal, and promotional items.