SCWorx (NASDAQ:WORX) Trading Up 1.6% – Here’s What Happened

Shares of SCWorx Corp. (NASDAQ:WORX) rose 1.6% on Wednesday . The stock traded as high as $0.6550 and last traded at $0.62. 9,624 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 440,519 shares. The stock had previously closed at $0.6101.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of SCWorx to a “hold” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

SCWorx Trading Up 17.0%

The stock has a market cap of $774,108.50, a price-to-earnings ratio of -0.05 and a beta of 1.60. The company has a fifty day simple moving average of $0.44 and a 200-day simple moving average of $1.59.

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

Institutional Trading of SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC purchased a new stake in shares of SCWorx Corp. (NASDAQ:WORX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned approximately 1.55% of SCWorx at the end of the most recent quarter. 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.