WORK Medical Technology Group (NASDAQ:WOK) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of WORK Medical Technology Group (NASDAQ:WOK) from a hold rating to a sell rating in a report published on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of WORK Medical Technology Group in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, WORK Medical Technology Group presently has a consensus rating of “Sell”.

WORK Medical Technology Group Stock Down 2.6%

NASDAQ:WOK opened at $2.22 on Friday. The firm’s 50 day moving average is $2.26 and its 200 day moving average is $71.55. WORK Medical Technology Group has a 12 month low of $1.78 and a 12 month high of $930,000.00.

WORK Medical Technology Group (NASDAQ:WOK) last released its earnings results on Friday, August 14th. The company reported ($98.88) earnings per share (EPS) for the quarter. The business had revenue of $2.71 million during the quarter.

Insider Activity at WORK Medical Technology Group

In related news, major shareholder Financial Lp Hrt sold 136,665 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $3.87, for a total transaction of $528,893.55. Following the sale, the insider directly owned 123,944 shares in the company, valued at approximately $479,663.28. This represents a 52.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 960,133 shares of company stock worth $957,353 and have sold 180,440 shares worth $984,223.

About WORK Medical Technology Group

WORK Medical Technology Group Ltd. engages in developing health instruments. It manufactures and sells medical devices, including endotracheal tubes, laryngeal mask airways, heat and moisture exchanging filters, disposable breathing circuits, nebulizer kits, and yankauer suction sets. The company was founded on March 1, 2022 and is headquartered in Hangzhou, China.