SCWorx (NASDAQ:WORX) Shares Down 15.3% – Here’s What Happened

SCWorx Corp. (NASDAQ:WORX)’s share price dropped 15.3% on Monday. The stock traded as low as $2.91 and last traded at $3.16. 165,804 shares changed hands during trading, an increase of 5% from the average daily volume of 157,656 shares. The stock had previously closed at $3.73.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SCWorx in a research note on Thursday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, SCWorx currently has a consensus rating of “Sell”.

SCWorx Stock Down 15.3%

The company’s fifty day simple moving average is $4.43 and its 200 day simple moving average is $7.15. The firm has a market capitalization of $316,000.00, a PE ratio of -0.11 and a beta of 1.29.

SCWorx Company Profile

SCWorx Corp. is a healthcare technology company that provides software and services designed to help healthcare organizations manage supply chains and related operational data. Its platform is intended to support the organization of medical product information, supplier relationships, purchasing processes and inventory management.

The company’s solutions have been marketed to hospitals, healthcare systems and other healthcare providers seeking greater visibility into medical supplies and procurement activities.