Red Cat (NASDAQ:RCAT – Get Rating) announced its quarterly earnings data on Monday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04), MarketWatch Earnings reports. Red Cat had a negative net margin of 181.83% and a negative return on equity of 14.41%.
Red Cat Stock Performance
NASDAQ:RCAT opened at $2.13 on Wednesday. The company’s 50-day moving average is $2.18 and its two-hundred day moving average is $2.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.23 and a quick ratio of 9.52. Red Cat has a 1-year low of $1.46 and a 1-year high of $4.24. The firm has a market capitalization of $114.61 million, a price-to-earnings ratio of -8.88 and a beta of -0.13.
Insider Transactions at Red Cat
In related news, CEO Jeffrey M. Thompson acquired 11,600 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were purchased at an average cost of $2.16 per share, for a total transaction of $25,056.00. Following the acquisition, the chief executive officer now owns 12,699,068 shares in the company, valued at approximately $27,429,986.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 30.50% of the company’s stock.
Institutional Investors Weigh In On Red Cat
About Red Cat
Red Cat Holdings, Inc, through its subsidiaries, provides various products, services, and solutions to the drone industry. It offers commercial and government unmanned aerial vehicle technology for reconnaissance, public safety, and inspection applications. The company also provides First Person View (FPV) video goggles; and software and hardware solutions that enable drones to complete inspection services in locations where global positioning systems are not available.
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