SCWorx (NASDAQ:WORX) Stock Falls 15.3% – Here’s What Happened

SCWorx Corp. (NASDAQ:WORX)’s stock price traded down 15.3% during mid-day trading on Monday. The company traded as low as $2.91 and last traded at $3.16. Approximately 165,804 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 157,656 shares. The stock had previously closed at $3.73.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SCWorx in a research report on Thursday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

SCWorx Trading Down 15.3%

The firm’s 50 day simple moving average is $4.43 and its two-hundred day simple moving average is $7.15. The firm has a market cap of $316,000.00, a price-to-earnings ratio of -0.11 and a beta of 1.29.

About SCWorx

SCWorx Corp. is a healthcare technology company that provides software and services designed to help healthcare organizations manage supply chains and related operational data. Its platform is intended to support the organization of medical product information, supplier relationships, purchasing processes and inventory management.

The company’s solutions have been marketed to hospitals, healthcare systems and other healthcare providers seeking greater visibility into medical supplies and procurement activities.