Raytech Holding Limited (NASDAQ:RAY – Get Free Report)’s share price dropped 2.4% during trading on Friday . The stock traded as low as $0.52 and last traded at $0.54. Approximately 2,901,950 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 10,608,426 shares. The stock had previously closed at $0.55.
Raytech Price Performance
The company has a 50-day simple moving average of $2.03 and a 200 day simple moving average of $1.81.
Institutional Investors Weigh In On Raytech
A hedge fund recently bought a new stake in Raytech stock. Virtu Financial LLC purchased a new position in Raytech Holding Limited (NASDAQ:RAY – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,968 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 0.09% of Raytech at the end of the most recent quarter.
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.
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