New York, June 23, 2026, 07:04 EDT
- Ridgetech was trading at $2.31 in Nasdaq premarket, up 68.6%. Volume was 32.27 million shares ahead of the open.
- Nasdaq’s regular session was still ahead; premarket goes from 4:00 a.m. to 9:30 a.m. ET, regular trading is 9:30 a.m. to 4:00 p.m. ET.
- HRT Financial LP, a 10% owner, sold 57,998 shares of Ridgetech Class A at $1.601 apiece on June 16, according to a recent Form 4.
Ridgetech Inc. jumped in premarket trade Tuesday, one of the early gainers on the Nasdaq as its shares moved sharply higher. The small-cap healthcare distributor rose even as Nasdaq futures pointed down.
Ridgetech is thinly traded, with a roughly $1.23 million market cap and less than 900,000 shares out, so moves can swing the price. The stock ended Monday at $1.37, down 2.1%, then jumped to $2.31 premarket, according to MarketWatch.
No new company announcements were confirmed in the latest premarket quote window. MarketWatch’s most recent outside item was a GuruFocus report from Monday evening, covering HRT Financial LP cutting its stake.
HRT offloaded 57,998 Class A shares at $1.601 apiece on June 16, according to an SEC Form 4. After that, HRT had 61,753 shares remaining. The Form 4 just documents insider trades and big holders moving shares, without giving any reason for the trades.
Traders are still looking at Ridgetech’s April move to reset its capital. Back then, the company said it planned a 1-for-150 reverse split, reducing the share count from about 134.8 million to near 898,906, depending on rounding. The ticker RDGT stayed on the Nasdaq Capital Market.
Ridgetech, based in Hangzhou, China, calls itself a wholesale distributor of pharmaceutical and other healthcare goods. The company runs retail drugstores, an online pharmacy, drug wholesale, and herb farming businesses, MarketWatch’s company profile shows.
Ridgetech laid out a 2026 “dual-engine” plan for investors in March, centering on supply-chain integration, its Allright digital platform, and wholesale distribution. “Strengthening foundations while advancing innovation” is the priority, interim chief executive and finance head Frank Zhao said. PR Newswire
PetMed Express and CVS Health are on Ridgetech’s competitor list according to MarketWatch, but those are much bigger and more liquid stocks. Early trading in RDGT on Tuesday didn’t look like a sector-wide pharmacy move—more like typical micro-cap pressure.
But there are clear risks. Nasdaq says extended-hours trading often sees more volatility and less liquidity, so prices can swing harder on fewer trades than during normal hours. RDGT is especially exposed because of its small market cap, its recent reverse split, and big premarket volume compared to its last regular-session close.
The bigger test hits at 9:30 a.m. ET, when the Nasdaq opens for regular trading. More liquidity at the open will either back up the premarket move or erase it fast.
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