Red Violet (NASDAQ:RDVT) Trading 7.1% Higher

Shares of Red Violet Inc (NASDAQ:RDVT) traded up 7.1% during trading on Monday . The company traded as high as $15.81 and last traded at $15.39, 140,223 shares traded hands during mid-day trading. An increase of 317% from the average session volume of 33,614 shares. The stock had previously closed at $14.37.

Separately, ValuEngine cut shares of Red Violet from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average price is $13.23 and its 200 day moving average price is $11.90.

Red Violet (NASDAQ:RDVT) last posted its earnings results on Monday, August 5th. The company reported ($0.15) EPS for the quarter. The company had revenue of $7.25 million during the quarter. Red Violet had a negative return on equity of 16.91% and a negative net margin of 38.64%.

Several hedge funds have recently bought and sold shares of RDVT. Vanguard Group Inc. raised its holdings in Red Violet by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 168,125 shares of the company’s stock valued at $2,085,000 after buying an additional 2,100 shares during the last quarter. BlackRock Inc. raised its holdings in Red Violet by 17.8% in the 2nd quarter. BlackRock Inc. now owns 27,958 shares of the company’s stock valued at $347,000 after buying an additional 4,229 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Red Violet by 222.5% in the 2nd quarter. Renaissance Technologies LLC now owns 66,114 shares of the company’s stock valued at $820,000 after buying an additional 45,614 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Red Violet in the 2nd quarter valued at approximately $570,000. 15.69% of the stock is owned by hedge funds and other institutional investors.

Red Violet Company Profile (NASDAQ:RDVT)

Red Violet, Inc, a software and services company, specializes in big data analysis providing cloud-based mission-critical information solutions to enterprises in various industries in the United States. Its proprietary platform includes CORE, a cloud-based technology platform, which serves various industries within risk management.

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