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RITT Crosses Below Key Moving Average Level

By Market News Video Staff, Thursday, May 12, 3:17 PM ET
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In trading on Thursday, shares of RIT Technologies Ltd. (NASDAQ:RITT) crossed below their 200 day moving average of $5.13, changing hands as low as $4.16 per share. RIT Technologies Ltd. shares are currently trading down about 25.6% on the day. The chart below shows the one year performance of RITT shares, versus its 200 day moving average:

RIT Technologies Ltd. 200 Day Moving Average Chart

Looking at the chart above, RITT's low point in its 52 week range is $1.10 per share, with $13.45 as the 52 week high point that compares with a last trade of $4.16.

RITT operates in the Communications Services sector, among companies like Brasil Telecom S.A. (BTM) which is down about 0.6% today, and Vodafone Group Plc (NASDAQ:VOD) trading lower by about 0.6%. Below is a three month price history chart comparing the stock performance of RITT, versus BTM and VOD.

RITT,BTM,VOD Relative Performance Chart


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