OneMedNet (NASDAQ:ONMD) Trading 0.2% Higher – Here’s Why

OneMedNet Co. (NASDAQ:ONMD)’s stock price traded up 0.2% during trading on Monday . The stock traded as high as $0.43 and last traded at $0.41. 89,532 shares were traded during trading, a decline of 86% from the average session volume of 631,453 shares. The stock had previously closed at $0.41.

OneMedNet Trading Up 0.2%

The company’s 50 day moving average is $0.47 and its 200 day moving average is $0.82. The stock has a market capitalization of $12.50 million, a price-to-earnings ratio of -1.24 and a beta of 0.76.

OneMedNet (NASDAQ:ONMD) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.07) EPS for the quarter. The company had revenue of $0.14 million for the quarter.

Institutional Investors Weigh In On OneMedNet

A hedge fund recently raised its stake in OneMedNet stock. Virtu Financial LLC raised its holdings in OneMedNet Co. (NASDAQ:ONMD) by 160.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,389 shares of the company’s stock after purchasing an additional 19,938 shares during the quarter. Virtu Financial LLC owned about 0.12% of OneMedNet worth $44,000 as of its most recent filing with the SEC. Institutional investors own 0.95% of the company’s stock.

About OneMedNet

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences.