MedAvail (NASDAQ:MDVL) Stock Price Down 7.4%

MedAvail Holdings, Inc. (NASDAQ:MDVL)’s stock price dropped 7.4% during mid-day trading on Thursday . The stock traded as low as $7.09 and last traded at $7.60. Approximately 3,650 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 3,840 shares. The stock had previously closed at $8.21.

MedAvail Price Performance

The firm has a market capitalization of $11.69 million, a PE ratio of -0.25 and a beta of 0.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.34 and a quick ratio of 4.64. The firm has a 50-day simple moving average of $6.32 and a 200-day simple moving average of $2.37.

MedAvail (NASDAQ:MDVL) last posted its quarterly earnings data on Monday, August 14th. The company reported ($3.06) earnings per share for the quarter. MedAvail had a negative net margin of 192.97% and a negative return on equity of 218.10%. The company had revenue of $0.41 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new position in shares of MedAvail during the 3rd quarter valued at about $31,000. Virtu Financial LLC purchased a new position in shares of MedAvail during the 2nd quarter valued at about $42,000. Millennium Management LLC lifted its position in shares of MedAvail by 23.0% during the 4th quarter. Millennium Management LLC now owns 172,037 shares of the company’s stock valued at $52,000 after buying an additional 32,178 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in MedAvail in the 1st quarter worth approximately $5,572,000.

MedAvail Company Profile

MedAvail Holdings, Inc, a technology-enabled retail pharmacy technology and services company, develops and commercializes self-service pharmacy, mobile application, and kiosk solutions in the United States and Canada. It offers a pharmacy technology solution, including the MedAvail MedCenter, which enables on-site pharmacy in medical clinics, retail store locations, employer sites with and without onsite clinics, and other location where onsite prescription dispensing is desired, as well as establishes an audio-visual connection to a live pharmacist enabling prescription drug dispensing to occur directly to a patient with real-time supervision by a pharmacist.