SCWorx (NASDAQ:WORX) Shares Down 10.9% – Here’s What Happened

SCWorx Corp. (NASDAQ:WORX) shares were down 10.9% during mid-day trading on Tuesday . The stock traded as low as $3.59 and last traded at $4.41. 1,567 shares traded hands during trading, a decline of 100% from the average session volume of 431,554 shares. The stock had previously closed at $4.9510.

SCWorx Price Performance

The firm has a 50-day moving average of $5.81 and a 200 day moving average of $15.56. The stock has a market capitalization of $4.71 million, a price-to-earnings ratio of -0.31 and a beta of 1.60.

Institutional Investors Weigh In On SCWorx

A hedge fund recently bought a new position in SCWorx stock. Citadel Advisors LLC acquired a new stake in SCWorx Corp. (NASDAQ:WORX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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. 1.88% of the stock is currently owned by institutional investors.

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.