Roth CH Acquisition (NASDAQ:USCT) Trading Down 12.3%

Roth CH Acquisition Co. (NASDAQ:USCT) dropped 12.3% during mid-day trading on Wednesday . The stock traded as low as $9.86 and last traded at $9.86. Approximately 24,468 shares were traded during trading, a decline of 58% from the average daily volume of 57,573 shares. The stock had previously closed at $11.24.

Roth CH Acquisition Trading Down 12.3 %

The company has a 50 day simple moving average of $11.09 and a 200-day simple moving average of $10.98.

Institutional Trading of Roth CH Acquisition

An institutional investor recently raised its position in Roth CH Acquisition stock. Mizuho Securities USA LLC lifted its stake in shares of Roth CH Acquisition Co. (NASDAQ:USCT) by 304.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 202,786 shares of the company’s stock after purchasing an additional 152,652 shares during the quarter. Mizuho Securities USA LLC owned about 2.58% of Roth CH Acquisition worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 25.44% of the company’s stock.

Roth CH Acquisition Company Profile

Roth CH Acquisition Co does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It focuses on businesses in the advanced manufacturing, artificial intelligence, automation, data security, energy storage and power management, financial technology, industrial software, Internet of Things, microelectronics, robotics, and wireless communications equipment sectors.