WORK Medical Technology Group LTD (NASDAQ:WOK – Get Free Report)’s stock price was up 5% during trading on Monday . The company traded as high as $3.18 and last traded at $2.33. Approximately 3,535,090 shares were traded during mid-day trading, an increase of 906% from the average daily volume of 351,551 shares. The stock had previously closed at $2.22.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on WOK shares. Wall Street Zen upgraded shares of WORK Medical Technology Group from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of WORK Medical Technology Group in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, WORK Medical Technology Group has an average rating of “Sell”.
Check Out Our Latest Analysis on WOK
WORK Medical Technology Group Price Performance
WORK Medical Technology Group (NASDAQ:WOK – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported ($98.88) EPS for the quarter. The business had revenue of $2.71 million for the quarter.
Insider Activity at WORK Medical Technology Group
In related news, major shareholder Financial Lp Hrt sold 136,665 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $3.87, for a total value of $528,893.55. Following the sale, the insider owned 123,944 shares in the company, valued at $479,663.28. This represents a 52.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have bought 960,133 shares of company stock worth $957,353 and have 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.
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