InfuSystem (NYSE:INFU) Stock Price Down 2% – Here’s What Happened

InfuSystem Holdings, Inc. (NYSE:INFU) traded down 2% on Monday . The stock traded as low as $9.15 and last traded at $9.35. 166,555 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 134,286 shares. The stock had previously closed at $9.54.

Wall Street Analyst Weigh In

Separately, Roth Mkm restated a “buy” rating and set a $15.00 price objective (up from $14.00) on shares of InfuSystem in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $15.00.

InfuSystem Trading Up 0.8%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.59 and a current ratio of 1.98. The company has a market cap of $188.00 million, a price-to-earnings ratio of 155.03 and a beta of 1.66. The company’s fifty day moving average is $8.71 and its two-hundred day moving average is $9.23.

Institutional Investors Weigh In On InfuSystem

Several hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its position in InfuSystem by 10.7% during the 4th quarter. Hsbc Holdings PLC now owns 28,478 shares of the company’s stock worth $255,000 after purchasing an additional 2,763 shares during the period. Aristides Capital LLC acquired a new position in shares of InfuSystem in the 4th quarter valued at about $110,000. Virtu Financial LLC acquired a new position in shares of InfuSystem in the 4th quarter valued at about $90,000. XTX Topco Ltd boosted its stake in shares of InfuSystem by 48.1% in the fourth quarter. XTX Topco Ltd now owns 28,756 shares of the company’s stock worth $258,000 after buying an additional 9,337 shares during the last quarter. Finally, Man Group plc boosted its stake in shares of InfuSystem by 20.1% in the fourth quarter. Man Group plc now owns 53,196 shares of the company’s stock worth $477,000 after buying an additional 8,899 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

About InfuSystem

InfuSystem Holdings Inc is a medical technology company that specializes in the rental, management and servicing of infusion pumps and associated devices used primarily for outpatient infusion therapy. The company provides a comprehensive suite of services that includes equipment delivery, setup and retrieval, preventive and corrective maintenance, reprocessing and quality assurance. InfuSystem’s offerings are designed to help hospitals, ambulatory surgery centers, oncology clinics and private infusion suites streamline clinical operations and maintain compliance with safety standards.

In addition to pump rental and repair services, InfuSystem has expanded into remote patient monitoring solutions.