Nutex Health (NASDAQ:NUTX) Reaches New 1-Year Low at $1.03

Nutex Health Inc. (NASDAQ:NUTX) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $1.03 and last traded at $1.05, with a volume of 690814 shares. The stock had previously closed at $1.17.

Wall Street Analyst Weigh In

Separately, Benchmark lowered their price target on shares of Nutex Health from $22.50 to $15.00 and set a “buy” rating on the stock in a report on Thursday, January 25th.

Nutex Health Trading Down 22.5 %

The company has a debt-to-equity ratio of 3.04, a current ratio of 1.56 and a quick ratio of 1.50. The firm has a market capitalization of $563.47 million, a PE ratio of -9.45 and a beta of 0.44. The company’s fifty day simple moving average is $1.55 and its 200-day simple moving average is $2.50.

Hedge Funds Weigh In On Nutex Health

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NUTX. Tower Research Capital LLC TRC lifted its holdings in Nutex Health by 574.4% during the first quarter. Tower Research Capital LLC TRC now owns 26,644 shares of the company’s stock valued at $27,000 after purchasing an additional 22,693 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Nutex Health during the fourth quarter valued at $30,000. Atom Investors LP purchased a new position in Nutex Health during the fourth quarter valued at $31,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of Nutex Health in the fourth quarter valued at about $31,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Nutex Health in the fourth quarter valued at about $35,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Nutex Health Company Profile

Nutex Health Inc operates as a network of micro-hospitals. It operates through three segments: Hospital, Population Health Management, and Real Estate. The Hospital segment develops and operates a network of micro-hospitals, specialty hospitals and hospital outpatient departments which offers 24/7 care.