Danske Bank A S Makes New $98 Million Investment in Progressive Care, Inc. $RXMD

Danske Bank A S bought a new stake in Progressive Care, Inc. (OTCMKTS:RXMD) in the 2nd quarter, Holdings Channel.com reports. The firm bought 448,622 shares of the company’s stock, valued at approximately $98,001,000. Danske Bank A S owned 0.07% of Progressive Care as of its most recent SEC filing.

Separately, Plato Investment Management Ltd purchased a new position in Progressive Care during the 2nd quarter worth approximately $4,229,000.

Progressive Care Price Performance

Shares of OTCMKTS RXMD opened at $2.11 on Wednesday. The stock has a market cap of $13.17 million, a P/E ratio of -0.61 and a beta of -0.21. Progressive Care, Inc. has a twelve month low of $0.40 and a twelve month high of $4.50. The stock has a 50 day moving average of $2.11 and a two-hundred day moving average of $2.11. The company has a current ratio of 2.01, a quick ratio of 1.79 and a debt-to-equity ratio of 0.06.

Progressive Care Profile

Progressive Care Inc (OTCMKTS: RXMD) is a U.S.-based provider of diagnostic testing and preventive health services, specializing in mobile and facility-based solutions. The company offers a range of point-of-care testing options and full laboratory services, catering to both corporate and clinical clients. Progressive Care’s service offerings are designed to support occupational health, school testing programs, long-term care facilities and community health initiatives.

The company’s core activities include drug and alcohol screening, physical examinations, immunizations and wellness screenings.