Nutex Health (NASDAQ:NUTX) Trading Down 7%

Posted by on Mar 29th, 2023

Nutex Health Inc. (NASDAQ:NUTX – Get Rating)’s share price traded down 7% during mid-day trading on Monday . The company traded as low as $0.98 and last traded at $0.98. 743,769 shares were traded during trading, a decline of 43% from the average session volume of 1,309,342 shares. The stock had previously closed at $1.05.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Northland Securities assumed coverage on shares of Nutex Health in a research report on Wednesday, February 22nd. They set an “outperform” rating and a $3.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and issued a $3.00 target price on shares of Nutex Health in a research report on Thursday, March 9th.

Nutex Health Price Performance

The stock’s 50-day moving average price is $1.29 and its two-hundred day moving average price is $1.40. The stock has a market capitalization of $640.91 million, a PE ratio of -0.94 and a beta of 0.78. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.72 and a current ratio of 1.79.

Institutional Trading of Nutex Health

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers bought a new position in Nutex Health during the 2nd quarter valued at about $32,000. Xponance Inc. bought a new position in shares of Nutex Health in the 4th quarter worth approximately $27,000. Verition Fund Management LLC purchased a new position in Nutex Health during the second quarter valued at approximately $52,000. Mackenzie Financial Corp purchased a new position in Nutex Health during the fourth quarter valued at approximately $30,000. Finally, Metropolitan Life Insurance Co NY purchased a new position in Nutex Health during the fourth quarter valued at approximately $31,000. 1.24% of the stock is owned by hedge funds and other institutional investors.

Nutex Health Company Profile

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Nutex Health, Inc operates as technology-enabled healthcare services. It has two divisions: a Hospital Division and a Population Health Management Division. The company was founded in 2011 and is headquartered in Houston, TX.

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