Raytech (NASDAQ:RAY) Stock Price Up 2.1% – Should You Buy?

Raytech Holding Limited (NASDAQ:RAY)’s share price rose 2.1% on Wednesday . The company traded as high as $0.52 and last traded at $0.51. Approximately 684,507 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 1,570,030 shares. The stock had previously closed at $0.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Raytech in a research report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Raytech Stock Up 2.1%

The company’s fifty day simple moving average is $1.42 and its 200-day simple moving average is $1.73.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Raytech stock. Virtu Financial LLC purchased a new position in shares of Raytech Holding Limited (NASDAQ:RAY) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,968 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 0.09% of Raytech as of its most recent SEC filing.

About Raytech

Raytech Holding Limited company specializes in design, sourcing and wholesale of personal care electrical appliances for international brand owners. Raytech Holding Limited is based in Hong Kong.