Shares of Nutex Health Inc. (NASDAQ:NUTX – Get Rating) rose 5.7% during mid-day trading on Wednesday . The stock traded as high as $1.59 and last traded at $1.59. Approximately 12,835 shares were traded during trading, a decline of 99% from the average daily volume of 1,071,145 shares. The stock had previously closed at $1.50.
Analyst Upgrades and Downgrades
Separately, Benchmark began coverage on Nutex Health in a report on Friday, December 23rd. They set a "buy" rating and a $3.00 target price for the company.
Get Nutex Health alerts:Nutex Health Price Performance
The firm's 50 day moving average is $1.68 and its 200 day moving average is $2.02. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.38 and a current ratio of 2.45.
Nutex Health (NASDAQ:NUTX – Get Rating) last posted its quarterly earnings data on Monday, November 21st. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $28.40 million during the quarter.Hedge Funds Weigh In On Nutex Health
Hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new stake in Nutex Health in the 2nd quarter worth approximately $29,000. Cetera Investment Advisers acquired a new position in shares of Nutex Health in the 2nd quarter valued at $32,000. Bank of New York Mellon Corp raised its stake in shares of Nutex Health by 10.3% in the third quarter. Bank of New York Mellon Corp now owns 112,605 shares of the company's stock worth $169,000 after purchasing an additional 10,519 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Nutex Health during the second quarter worth about $36,000. Finally, Apollon Wealth Management LLC purchased a new stake in Nutex Health in the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 1.24% of the company's stock.
About Nutex Health
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Nutex Health, Inc operates as a technology-enabled healthcare services company. It operates through two divisions: Hospital division and Population Health Management division. The Hospital division implements and operates health care models, including micro-hospitals, specialty hospitals, and hospital outpatient departments.
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