WORK Medical Technology Group (NASDAQ:WOK) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of WORK Medical Technology Group (NASDAQ:WOK) from a hold rating to a sell rating in a report released on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of WORK Medical Technology Group in a report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

WORK Medical Technology Group Price Performance

Shares of WOK stock opened at $2.28 on Friday. WORK Medical Technology Group has a 12-month low of $1.78 and a 12-month high of $930,000.00. The business has a 50 day simple moving average of $2.39 and a 200 day simple moving average of $72.96.

WORK Medical Technology Group (NASDAQ:WOK) last announced its earnings results on Friday, August 14th. The company reported ($98.88) earnings per share for the quarter. The business had revenue of $2.71 million during the quarter.

Insider Buying and Selling at WORK Medical Technology Group

In other WORK Medical Technology Group news, major shareholder Financial Lp Hrt purchased 880,456 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average cost of $0.05 per share, with a total value of $44,022.80. Following the completion of the transaction, the insider owned 1,271,912 shares of the company’s stock, valued at approximately $63,595.60. This represents a 224.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 960,133 shares of company stock worth $957,353 and sold 180,440 shares worth $984,223.

About WORK Medical Technology Group

WORK Medical Technology Group Ltd. engages in developing health instruments. It manufactures and sells medical devices, including endotracheal tubes, laryngeal mask airways, heat and moisture exchanging filters, disposable breathing circuits, nebulizer kits, and yankauer suction sets. The company was founded on March 1, 2022 and is headquartered in Hangzhou, China.