Raytech Holding Ltd (NASDAQ: RAY) is -25.51% lower on its value in year-to-date trading and has touched a low of $0.86 and a high of $3.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RAY stock was last observed hovering at around $2.62 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $2.54, the stock is 27.99% and 43.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.71 million and changing -3.05% at the moment leaves the stock 60.34% off its SMA200. RAY registered 95.38% gain for a year compared to 6-month loss of 106.50%. The firm has a 50-day simple moving average (SMA 50) of $1.7671 and a 200-day simple moving average (SMA200) of $1.58411.
The stock witnessed a 135.19% gain in the last 1 month and extending the period to 3 months gives it a -1.17%, and is -1.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.14% over the week and 11.77% over the month.
Raytech Holding Ltd (RAY) has around 6 employees, a market worth around $44.73M and $10.10M in sales. Current P/E ratio is 42.19. Profit margin for the company is 10.50%. Distance from 52-week low is 195.35% and -29.44% from its 52-week high. The company has generated returns on investments over the last 12 months (10.72%).
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Raytech Holding Ltd (RAY) Top Institutional Holders
6.0 institutions hold shares in Raytech Holding Ltd (RAY), with institutional investors hold 0.83% of the company’s shares. The shares outstanding are 17.61M, and float is at 3.21M with Short Float at 1.45%. Institutions hold 0.57% of the Float.
