Viemed Healthcare (CVE:VMD) Shares Down 2% – Should You Sell?

Shares of Viemed Healthcare (CVE:VMD) fell 2% during mid-day trading on Tuesday. The company traded as low as C$4.84 and last traded at C$4.95. Approximately 91,383 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 197,608 shares. The stock had previously closed at C$5.05.

Viemed Healthcare Price Performance

The stock has a 50 day moving average price of C$4.95 and a two-hundred day moving average price of C$4.95.

Hedge Funds Weigh In On Viemed Healthcare

A hedge fund recently bought a new stake in Viemed Healthcare stock. Walleye Capital LLC purchased a new stake in Viemed Healthcare (CVE:VMD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 183,909 shares of the company’s stock, valued at approximately $2,097,000. Walleye Capital LLC owned about 0.49% of Viemed Healthcare at the end of the most recent reporting period.

Viemed Healthcare Company Profile

Viemed Healthcare, Inc., through its subsidiaries, provides in-home health care solutions in the United States. It offers respiratory services and related equipment, including non-invasive ventilators, positive airway pressure machines, and oxygen units, as well as services of respiratory therapists. The company also provides in-home sleep apnea testing to determine the existence of sleep apnea at home. In addition, it leases equipment, including non-invasive ventilators, bi-level devices and CPaP, percussion vests, and various supplies and peripheral equipment, as well as sells medical equipment and patient monitoring services.