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Raytech Holding Limited ( (RAY) ) has issued an update.
Raytech Holding Limited announced a change in its independent registered public accounting firm on April 10, 2025. The company appointed Assentsure PAC, replacing WWC, P.C., after a careful evaluation process approved by the audit committee. The decision was not due to any disagreements with WWC on accounting principles or practices. WWC’s audit reports for the fiscal years ending March 31, 2023, and 2024 were unqualified, and there were no reportable disagreements during the recent fiscal years.
Spark’s Take on RAY Stock
According to Spark, TipRanks’ AI Analyst, RAY is a Neutral.
Raytech Holding Limited demonstrates strong financial performance with notable revenue growth and operational efficiency, which significantly boosts its overall score. However, the technical analysis suggests possible near-term weakness, with indicators pointing to limited momentum. Additionally, the lack of valuation metrics like P/E ratio or dividend yield adds uncertainty to the stock’s valuation. The absence of earnings call insights and notable corporate events means these factors do not influence the score.
To see Spark’s full report on RAY stock, click here.
More about Raytech Holding Limited
Average Trading Volume: 3,441,750
Technical Sentiment Signal: Strong Buy
See more data about RAY stock on TipRanks’ Stock Analysis page.