Raytech (NASDAQ:RAY) Trading Up 2.1% – Time to Buy?

Raytech Holding Limited (NASDAQ:RAY) was up 2.1% on Wednesday . The company traded as high as $0.52 and last traded at $0.51. Approximately 684,507 shares were traded during trading, a decline of 56% from the average daily volume of 1,570,030 shares. The stock had previously closed at $0.50.

Wall Street Analysts Forecast Growth

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

Raytech Price Performance

The company has a 50-day moving average price of $1.42 and a 200 day moving average price of $1.73.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Raytech stock. Virtu Financial LLC purchased a new position in Raytech Holding Limited (NASDAQ:RAY) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,968 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 0.09% of Raytech at the end of the most recent quarter.

Raytech Company Profile

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.