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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SCWorx in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

SCWorx Stock Down 13.0%

The stock’s 50-day moving average price is $4.37 and its 200-day moving average price is $7.00. The company has a market capitalization of $211,860.00, a price-to-earnings ratio of -0.07 and a beta of 1.29.

SCWorx Company Profile

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.