Ridgetech Announces 1-for-150 Reverse Share Split to Take Effect April 7, 2026
TipRanks (Fri, 3-Apr 12:27 PM ET)
Ridgetech announces 1-for-150 reverse share split
Seeking Alpha News (Fri, 3-Apr 12:22 PM ET)
Ridgetech, Inc. Announces 1-for-150 Reverse Share Split
PRNewswire (Fri, 3-Apr 12:00 PM ET)
Ridgetech Unveils 2026 Dual-Engine Growth Strategy to Drive Innovation and Value Creation
PRNewswire (Wed, 4-Mar 8:30 AM ET)
Ridgetech Inc formerly China Jo-Jo Drugstores Inc is a retailer and distributor of pharmaceutical products. The company's operating segments include Retail drugstores, Online Pharmacy, and Drug wholesale. Retail drugstores segment sells prescription and over-the-counter medicines, TCM, dietary supplements, medical devices, and sundry items to retail customers. The online pharmacy segment sells drugs through third-party platforms such as Alibaba's Tmall, JD.com, and Amazon.com. It generates maximum revenue from the Retail drugstores segment.
Ridgetech - trades on the NASDAQ stock market under the symbol RDGT.
As of April 2, 2026, RDGT stock price was flat at $0.02 with 28,811,549 million shares trading.
RDGT has a beta of 2.84, meaning it tends to be more sensitive to market movements. RDGT has a correlation of 0.01 to the broad based SPY ETF.
RDGT has a market cap of $449,827.00. This is considered a Sub-Micro Cap stock.
RDGT has underperformed the market in the last year with a price return of -97.8% while the SPY ETF gained +17.5%. RDGT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -99.1% and -98.9%, respectively, while the SPY returned -3.7% and -0.1%, respectively.
RDGT support price is $.02 and resistance is $.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RDGT shares will trade within this expected range on the day.