Raytech Holding Ltd (NASDAQ: RAY): A Competitive Analysis And Growth Prospects

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In the last trading session, 1.02 million shares of the Raytech Holding Ltd (NASDAQ:RAY) were traded, and its beta was -4.98. Most recently the company’s share price was $1.37, and it changed around $0.04 or 3.01% from the last close, which brings the market valuation of the company to $24.13M. RAY currently trades at a discount to its 52-week high of $4.60, offering almost -235.77% off that amount. The share price’s 52-week low was $0.86, which indicates that the current value has risen by an impressive 37.23% since then. We note from Raytech Holding Ltd’s average daily trading volume that its 10-day average is 0.62 million shares, with the 3-month average coming to 1.51 million.

Raytech Holding Ltd (NASDAQ:RAY) trade information

Instantly RAY has showed a green trend with a performance of 3.01% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.3900 on recent trading dayincreased the stock’s daily price by 1.44%. The company’s shares are currently down -67.38% year-to-date, but still up 17.09% over the last five days. On the other hand, Raytech Holding Ltd (NASDAQ:RAY) is 18.10% up in the 30-day period. We can see from the shorts that 42896.0 shares have been sold at a short interest cover period of 0.03 day(s).

RAY Dividends

Raytech Holding Ltd’s next quarterly earnings report is expected to be released in August.

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

Upon looking at major shareholders, it appears that insiders hold 81.76% of Raytech Holding Ltd shares, and 1.42% of them are in the hands of institutional investors. The stock currently has a share float of 7.79%.

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