Armlogi (NASDAQ:BTOC) Issues Earnings Results

Armlogi (NASDAQ:BTOC) released its quarterly earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.16), FiscalAI reports. The firm had revenue of $41.68 million for the quarter, compared to analyst estimates of $55.01 million. Armlogi had a negative return on equity of 80.73% and a negative net margin of 9.81%.

Armlogi Trading Down 6.6%

Armlogi stock traded down $0.02 during trading on Wednesday, hitting $0.31. The company’s stock had a trading volume of 422,517 shares, compared to its average volume of 243,782. The stock’s fifty day moving average is $0.28 and its 200 day moving average is $0.44. Armlogi has a 1-year low of $0.23 and a 1-year high of $1.91. The stock has a market capitalization of $14.18 million, a price-to-earnings ratio of -0.69 and a beta of 2.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 0.65.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Armlogi in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Armlogi presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Armlogi stock. Bank of America Corp DE bought a new position in Armlogi Holding Corp. (NASDAQ:BTOC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,434 shares of the company’s stock, valued at approximately $27,000.

About Armlogi

Armlogi Holding Corp. is a warehousing and logistics service provider which offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment. Armlogi Holding Corp. is based in WALNUT, CA.