ThinkEquity started coverage on shares of Red Cat (NASDAQ:RCAT) in a report published on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.
Red Cat stock opened at $3.23 on Monday. Red Cat has a 1 year low of $0.54 and a 1 year high of $7.75.
In other Red Cat news, Director Nicholas Reyland Liuzza, Jr. acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 13th. The stock was purchased at an average price of $3.26 per share, for a total transaction of $32,600.00. Following the completion of the acquisition, the director now owns 849,435 shares of the company’s stock, valued at approximately $2,769,158.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders purchased 18,000 shares of company stock valued at $55,280 in the last 90 days.
Red Cat Holdings, Inc, together with its subsidiaries, provides products, services, and solutions to the drone industry. It also designs, develops, markets, and sells drones and related components through its e-commerce platform, www.rotorriot.com. In addition, the company develops software solutions to provide secure cloud-based analytics, storage, and services; and offers Dronebox, a block chain technology that records, stores, and analyzes flight data and information from a drone.
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