Nutex Health (NASDAQ:NUTX) Shares Down 6.6% – Here’s Why

Nutex Health Inc. (NASDAQ:NUTX) traded down 6.6% during trading on Tuesday . The company traded as low as $95.00 and last traded at $97.0820. 101,586 shares were traded during mid-day trading, a decline of 30% from the average session volume of 145,054 shares. The stock had previously closed at $103.95.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of Nutex Health from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday. Wall Street Zen lowered shares of Nutex Health from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, Maxim Group set a $205.00 price objective on shares of Nutex Health and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $252.50.

Nutex Health Stock Performance

The company has a market capitalization of $790.70 million, a PE ratio of 11.97 and a beta of -0.23. The stock’s fifty day simple moving average is $109.45 and its 200-day simple moving average is $113.51. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.26 and a current ratio of 2.27.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NUTX. Austin Asset Management Co Inc acquired a new position in shares of Nutex Health in the 2nd quarter valued at $315,000. Goldman Sachs Group Inc. increased its holdings in shares of Nutex Health by 17.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,119 shares of the company’s stock worth $852,000 after buying an additional 2,748 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of Nutex Health in the 2nd quarter worth $397,000. Allianz Asset Management GmbH acquired a new position in Nutex Health in the second quarter valued at $314,000. Finally, FNY Investment Advisers LLC acquired a new position in Nutex Health in the second quarter valued at $414,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

About Nutex Health

Nutex Health Inc operates as a physician-led, healthcare services, and operations company. It operates through three segments: Hospital, Population Health Management (PHM), and Real Estate. The PHM segment establishes and operates independent physician associations; and offers a cloud-based platform for healthcare organizations to provide value-based care and population health management.