SCWorx (NASDAQ:WORX) Stock Price Down 1.7% – Here’s What Happened

SCWorx Corp. (NASDAQ:WORX)’s stock price traded down 1.7% on Tuesday . The company traded as low as $0.2895 and last traded at $0.2950. 850 shares traded hands during trading, a decline of 100% from the average session volume of 531,833 shares. The stock had previously closed at $0.30.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of SCWorx to a “hold” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

SCWorx Trading Up 1.4%

The firm has a 50-day moving average of $0.62 and a two-hundred day moving average of $2.18. The firm has a market cap of $341,440.00, a price-to-earnings ratio of -0.02 and a beta of 1.61.

SCWorx (NASDAQ:WORX) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.16) earnings per share for the quarter. SCWorx had a negative return on equity of 72.19% and a negative net margin of 154.41%.The firm had revenue of $0.74 million for the quarter.

Institutional Trading of SCWorx

A hedge fund recently bought a new position in SCWorx stock. Citadel Advisors LLC acquired a new stake in SCWorx Corp. (NASDAQ:WORX) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned approximately 1.55% of SCWorx at the end of the most recent quarter. Institutional investors own 1.88% of the company’s stock.

SCWorx Company Profile

SCWorx Corp. develops and markets health care information technology solutions and related services to improve healthcare processes and information flow within hospitals and other healthcare facilities in the United States. The company provides data content and services related to repair, normalization, and interoperability of information for healthcare providers, as well as big data analytics for the healthcare industry. It also offers virtualized item master file repair, expansion, and automation; electronic medical record management; charge description master management; contract management; request for proposal automation; rebate management; integration of acquired management; big data analytics modeling; data integration and warehousing; and ScanWorx.