Armlogi (NASDAQ:BTOC) Issues Earnings Results

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

Armlogi Stock Performance

Shares of BTOC stock traded down $0.03 during trading on Thursday, reaching $0.29. 280,155 shares of the company’s stock traded hands, compared to its average volume of 664,785. The company has a market capitalization of $13.00 million, a P/E ratio of -0.64 and a beta of 2.54. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.04. The firm’s 50-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 $1.86.

Analysts Set New Price Targets

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

Institutional Trading of Armlogi

A hedge fund recently raised its stake in Armlogi stock. Millennium Management LLC lifted its holdings in shares of Armlogi Holding Corp. (NASDAQ:BTOC) by 615.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,500 shares of the company’s stock after buying an additional 94,203 shares during the quarter. Millennium Management LLC owned about 0.24% of Armlogi worth $88,000 at the end of the most recent quarter.

Armlogi Company Profile

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.