SCWorx (NASDAQ:WORX) Trading 1.6% Higher – Time to Buy?

Shares of SCWorx Corp. (NASDAQ:WORX) were up 1.6% during trading on Wednesday . The stock traded as high as $0.6550 and last traded at $0.62. Approximately 9,624 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 440,519 shares. The stock had previously closed at $0.6101.

Analyst Upgrades and Downgrades

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

SCWorx Trading Up 1.6%

The stock has a market capitalization of $661,540.00, a P/E ratio of -0.04 and a beta of 1.60. The business has a 50-day moving average price of $0.44 and a 200 day moving average price of $1.61.

SCWorx (NASDAQ:WORX) last announced its quarterly earnings results 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 business had revenue of $0.74 million during the quarter.

Institutional Trading of SCWorx

An institutional investor recently bought a new stake in SCWorx stock. Citadel Advisors LLC purchased a new stake in SCWorx Corp. (NASDAQ:WORX) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned about 1.55% of SCWorx at the end of the most recent quarter. Hedge funds and other institutional investors own 1.88% of the company’s stock.

About SCWorx

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.