IMAC (NASDAQ:BACK) Trading 7.8% Higher

Shares of IMAC Holdings, Inc. (NASDAQ:BACK – Get Rating) traded up 7.8% during mid-day trading on Thursday . The company traded as high as $0.18 and last traded at $0.18. 136,106 shares traded hands during trading, a decline of 10% from the average session volume of 150,847 shares. The stock had previously closed at $0.16.

IMAC Trading Up 7.8 %

The stock’s 50-day moving average price is $0.26 and its 200-day moving average price is $0.32. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On IMAC

A hedge fund recently bought a new stake in IMAC stock. Nantahala Capital Management LLC bought a new position in shares of IMAC Holdings, Inc. (NASDAQ:BACK – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,174,253 shares of the company’s stock, valued at approximately $234,000. Nantahala Capital Management LLC owned approximately 4.30% of IMAC as of its most recent SEC filing. Hedge funds and other institutional investors own 19.24% of the company’s stock.

About IMAC

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IMAC Holdings, Inc provides medical services through integrated medicine and chiropractic regeneration centers. Its services include medical treatments, regenerative medicine, physical medicine, physical therapy, spinal decompression and chiropractic manipulation. The company was founded by Matthew C.