Ridgetech (NASDAQ:RDGT) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Ridgetech Inc. (NASDAQ:RDGT) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

Several research firms have recently issued reports on RDGT. Wall Street Zen raised shares of Ridgetech to a “buy” rating in a research report 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 analyst has rated the stock with a Sell rating, According to data from MarketBeat, Ridgetech currently has an average rating of “Sell”.

Ridgetech Trading Up 6.9%

The stock has a fifty day simple moving average of $2.58 and a two-hundred day simple moving average of $261.15.

About Ridgetech

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.