SCWorx (NASDAQ:WORX) Stock Price Down 19.9% – Time to Sell?

SCWorx Corp. (NASDAQ:WORX) shares dropped 19.9% during mid-day trading on Tuesday . The stock traded as low as $0.2816 and last traded at $0.2963. Approximately 4,828 shares changed hands during trading, a decline of 99% from the average daily volume of 606,509 shares. The stock had previously closed at $0.37.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded SCWorx to a “hold” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

SCWorx Stock Down 19.9%

The company has a 50 day moving average of $1.13 and a 200-day moving average of $2.62. The stock has a market capitalization of $316,152.10, a P/E ratio of -0.02 and a beta of 1.63.

SCWorx (NASDAQ:WORX) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. SCWorx had a negative return on equity of 72.19% and a negative net margin of 154.41%.The firm had revenue of $0.74 million for the quarter.

Institutional Investors Weigh In On SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC bought a new position in SCWorx Corp. (NASDAQ:WORX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned 1.55% of SCWorx at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.88% of the company’s stock.

About SCWorx

SCWorx Corp. develops and markets health care information technology solutions and related services to improve healthcare processes and information flow within hospitals and other healthcare facilities in the United States. The company provides data content and services related to repair, normalization, and interoperability of information for healthcare providers, as well as big data analytics for the healthcare industry. It also offers virtualized item master file repair, expansion, and automation; electronic medical record management; charge description master management; contract management; request for proposal automation; rebate management; integration of acquired management; big data analytics modeling; data integration and warehousing; and ScanWorx.