Nutex Health (NASDAQ:NUTX) Shares Gap Down – Time to Sell?

Nutex Health Inc. (NASDAQ:NUTX) gapped down prior to trading on Monday . The stock had previously closed at $142.34, but opened at $137.00. Nutex Health shares last traded at $139.03, with a volume of 18,814 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on NUTX shares. Maxim Group set a $205.00 target price on shares of Nutex Health and gave the company a “buy” rating in a report on Tuesday, August 26th. Weiss Ratings lowered Nutex Health from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday. Finally, Wall Street Zen cut Nutex Health from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 18th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Nutex Health presently has an average rating of “Hold” and a consensus target price of $252.50.

Nutex Health Trading Down 0.1%

The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.26. The business’s 50 day simple moving average is $110.25 and its 200 day simple moving average is $113.40. The company has a market capitalization of $967.06 million, a price-to-earnings ratio of 11.50 and a beta of -0.23.

Institutional Investors Weigh In On Nutex Health

Several institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new stake in shares of Nutex Health in the third quarter valued at about $30,000. BNP Paribas Financial Markets raised its position in shares of Nutex Health by 966.7% in the second quarter. BNP Paribas Financial Markets now owns 320 shares of the company’s stock valued at $40,000 after buying an additional 290 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Nutex Health in the 2nd quarter worth about $44,000. Bank of America Corp DE grew its holdings in Nutex Health by 6,590.3% in the 4th quarter. Bank of America Corp DE now owns 2,074 shares of the company’s stock valued at $66,000 after buying an additional 2,043 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Nutex Health during the 2nd quarter worth about $97,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Nutex Health Company Profile

Nutex Health Inc operates as a physician-led, healthcare services, and operations company. It operates through three segments: Hospital, Population Health Management (PHM), and Real Estate. The PHM segment establishes and operates independent physician associations; and offers a cloud-based platform for healthcare organizations to provide value-based care and population health management.