NextPlat (NASDAQ:NXPL) Stock Price Down 4.2% – Here’s Why

NextPlat Corp (NASDAQ:NXPL) dropped 4.2% during mid-day trading on Monday . The company traded as low as $1.15 and last traded at $1.15. Approximately 134,638 shares traded hands during trading, a decline of 52% from the average daily volume of 279,328 shares. The stock had previously closed at $1.20.

NextPlat Stock Performance

The firm’s fifty day simple moving average is $1.04 and its 200 day simple moving average is $1.13. The company has a market capitalization of $29.86 million, a PE ratio of -1.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.70 and a quick ratio of 3.04.

Institutional Trading of NextPlat

An institutional investor recently bought a new position in NextPlat stock. Omnia Family Wealth LLC purchased a new stake in NextPlat Corp (NASDAQ:NXPL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 93,429 shares of the company’s stock, valued at approximately $132,000. Omnia Family Wealth LLC owned 0.49% of NextPlat at the end of the most recent quarter. 1.30% of the stock is currently owned by institutional investors.

About NextPlat

NextPlat Corp operates as a healthcare and e-commerce company in Europe, North America, South America, the Asia and Pacific, and Africa. The company operates full-service retail specialty services pharmacies that provides prescription pharmaceuticals prescription pharmaceuticals, third-party administration, risk and data management services, compounded medications, tele-pharmacy services, anti-retroviral medications, medication therapy management, contracted pharmacy services, and health practice risk management to healthcare organizations and providers, as well as supplies prescription medications to long-term care facilities.