PVG Asset Management Corp bought a new stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 55,037 shares of the company’s stock, valued at approximately $63,000. PVG Asset Management Corp owned about 0.07% of Red Cat at the end of the most recent quarter.
Separately, Renaissance Technologies LLC bought a new position in Red Cat during the 2nd quarter valued at $267,000. 37.97% of the stock is currently owned by hedge funds and other institutional investors.
Red Cat Stock Down 0.8 %
Shares of NASDAQ RCAT opened at $2.54 on Tuesday. The stock’s 50 day moving average price is $2.65 and its two-hundred day moving average price is $1.65. Red Cat Holdings, Inc. has a 52-week low of $0.52 and a 52-week high of $3.48. The stock has a market capitalization of $188.68 million and a P/E ratio of -4.88.
Wall Street Analysts Forecast Growth
Separately, LADENBURG THALM/SH SH began coverage on shares of Red Cat in a research note on Friday, June 14th. They issued a “buy” rating and a $4.00 target price on the stock.
Read Our Latest Report on Red Cat
About Red Cat
Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.
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