Roth CH Acquisition (NASDAQ:USCT) Stock Price Down 12.3%

Roth CH Acquisition Co. (NASDAQ:USCT) shares were down 12.3% on Wednesday . The stock traded as low as $9.86 and last traded at $9.86. Approximately 24,468 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 57,573 shares. The stock had previously closed at $11.24.

Roth CH Acquisition Price Performance

The firm’s 50-day moving average price is $11.03 and its 200-day moving average price is $10.96.

Institutional Investors Weigh In On Roth CH Acquisition

A hedge fund recently raised its stake in Roth CH Acquisition stock. Cowen AND Company LLC increased its stake in Roth CH Acquisition Co. (NASDAQ:USCT) by 442.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 352,692 shares of the company’s stock after purchasing an additional 287,692 shares during the quarter. Cowen AND Company LLC owned about 4.48% of Roth CH Acquisition worth $3,862,000 at the end of the most recent quarter. 25.44% of the stock is owned by institutional investors and hedge funds.

Roth CH Acquisition Company Profile

Roth CH Acquisition Co does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It focuses on businesses in the advanced manufacturing, artificial intelligence, automation, data security, energy storage and power management, financial technology, industrial software, Internet of Things, microelectronics, robotics, and wireless communications equipment sectors.