TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Ridgetech ( (RDGT) ).
On February 28, 2025, Ridgetech, Inc. completed significant restructuring transactions involving the acquisition of Ridgeline International Limited and the divestiture of equity in Zhejiang Jiuxin Investment Management Co. Ltd. These strategic moves are expected to strengthen Ridgetech’s operational capabilities and market positioning, potentially offering improved value to stakeholders.
The most recent analyst rating on (RDGT) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Ridgetech stock, see the RDGT Stock Forecast page.
Spark’s Take on RDGT Stock
According to Spark, TipRanks’ AI Analyst, RDGT is a Neutral.
Ridgetech’s overall stock score is driven by strong technical indicators, despite financial challenges. The stock’s positive momentum is a key strength, but valuation concerns and financial performance issues weigh down the score.
To see Spark’s full report on RDGT stock, click here.
More about Ridgetech
Ridgetech, Inc. operates in the technology sector and is involved in strategic acquisitions and divestitures to enhance its market position. The company focuses on restructuring transactions to optimize its business operations and expand its influence in the industry.
Average Trading Volume: 131,407
Technical Sentiment Signal: Hold
Current Market Cap: $23.01M
See more insights into RDGT stock on TipRanks’ Stock Analysis page.