SCWorx (NASDAQ:WORX) Trading Down 10.9% – Here’s What Happened

SCWorx Corp. (NASDAQ:WORX) was down 10.9% during trading on Tuesday . The stock traded as low as $3.59 and last traded at $4.41. 1,567 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 431,554 shares. The stock had previously closed at $4.9510.

SCWorx Stock Performance

The company’s 50-day moving average price is $5.84 and its 200 day moving average price is $15.38. The stock has a market capitalization of $5.33 million, a PE ratio of -0.35 and a beta of 1.60.

Institutional Trading of SCWorx

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