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

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

SCWorx Stock Down 10.9%

The stock’s fifty day moving average price is $5.81 and its 200-day moving average price is $15.56. The company has a market capitalization of $4.71 million, a price-to-earnings ratio of -0.31 and a beta of 1.60.

Institutional Investors Weigh In On SCWorx

An institutional investor recently bought a new position in SCWorx stock. Citadel Advisors LLC acquired a new position in shares of SCWorx Corp. (NASDAQ:WORX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned about 1.55% of SCWorx at the end of the most recent reporting period. 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.