Why Buy Stock In Raytech Holding Ltd (RAY)?

Raytech Holding Ltd (NASDAQ:RAY) has seen 4.61 million shares traded in the last trading session. The company, currently valued at $35.92M, closed the last trade at $2.04 per share which meant it gained $0.12 on the day or 6.25% during that session. The RAY stock price is -196.08% off its 52-week high price of $6.04 and 57.84% above the 52-week low of $0.86. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.17 million shares traded. The 3-month trading volume is 2.33 million shares.

Raytech Holding Ltd (NASDAQ:RAY) trade information

Sporting 6.25% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RAY stock price touched $2.04 or saw a rise of 16.39%. Year-to-date, Raytech Holding Ltd shares have moved 56.92%, while the 5-day performance has seen it change 78.95%. Over the past 30 days, the shares of Raytech Holding Ltd (NASDAQ:RAY) have changed 112.50%. Short interest in the company has seen 0.21 million shares shorted with days to cover at 0.04.

Raytech Holding Ltd (RAY) estimates and forecasts

The company’s shares have gained 12.71% over the past 6 months.

RAY Dividends

Raytech Holding Ltd is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Raytech Holding Ltd (NASDAQ:RAY)’s Major holders

Insiders own 81.76% of the company shares, while shares held by institutions stand at 0.02% with a share float percentage of 0.10%. Investors are also buoyed by the number of investors in a company, with Raytech Holding Ltd having a total of 1.0 institutions that hold shares in the company.