Red Cat (RCAT) Scheduled to Post Quarterly Earnings on Tuesday

Red Cat (NASDAQ:RCAT – Get Rating) will be posting its quarterly earnings results after the market closes on Tuesday, March 7th. Individual that wish to register for the company’s earnings conference call can do so using this link.

Red Cat (NASDAQ:RCAT – Get Rating) last issued its quarterly earnings data on Thursday, December 15th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $1.53 million for the quarter. Red Cat had a negative net margin of 224.59% and a negative return on equity of 22.85%.

Red Cat Price Performance

NASDAQ:RCAT opened at $1.37 on Friday. The firm has a market capitalization of $74.40 million, a price-to-earnings ratio of -4.15 and a beta of 0.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.91 and a quick ratio of 8.46. The business has a 50 day simple moving average of $1.14 and a 200-day simple moving average of $1.41. Red Cat has a 1 year low of $0.77 and a 1 year high of $2.92.

Institutional Trading of Red Cat

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Red Cat by 7.5% in the first quarter. Vanguard Group Inc. now owns 1,237,895 shares of the company’s stock valued at $2,500,000 after acquiring an additional 86,777 shares during the period. State Street Corp grew its holdings in Red Cat by 61.1% during the 1st quarter. State Street Corp now owns 109,058 shares of the company’s stock valued at $220,000 after purchasing an additional 41,358 shares during the last quarter. Bank of America Corp DE raised its position in Red Cat by 55.9% in the 1st quarter. Bank of America Corp DE now owns 81,144 shares of the company’s stock worth $164,000 after purchasing an additional 29,091 shares during the period. Virtu Financial LLC bought a new stake in Red Cat in the first quarter worth about $120,000. Finally, Northern Trust Corp boosted its position in shares of Red Cat by 30.8% during the second quarter. Northern Trust Corp now owns 54,888 shares of the company’s stock valued at $112,000 after buying an additional 12,940 shares during the period. 9.34% of the stock is currently owned by institutional investors.

About Red Cat

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Red Cat Holdings, Inc provides products, services and solutions to the drone industry. It also engages in the provision of distributed data storage, analytics and services for the drone industry.The firm product include Dronebox, which is a blockchain technology that records, stores and analyzes flight data and information from a drone.