SCWorx (NASDAQ:WORX) Upgraded to “Hold” at Wall Street Zen

SCWorx (NASDAQ:WORX) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SCWorx in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SCWorx has an average rating of “Sell”.

SCWorx Stock Performance

NASDAQ:WORX opened at $1.53 on Friday. SCWorx has a 52-week low of $1.45 and a 52-week high of $14.85. The company has a market cap of $24.48 million, a P/E ratio of -1.61 and a beta of 2.26. The stock’s 50-day simple moving average is $2.84 and its 200 day simple moving average is $3.44.

SCWorx (NASDAQ:WORX) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $2.25 EPS for the quarter. The firm had revenue of $0.77 million during the quarter. SCWorx had a negative return on equity of 72.19% and a negative net margin of 154.41%.

Hedge Funds Weigh In On SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC purchased a new position in shares of SCWorx Corp. (NASDAQ:WORX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned about 1.55% of SCWorx as of its most recent SEC filing. 1.88% of the stock is owned by institutional investors and hedge funds.

SCWorx Company Profile

SCWorx Corp. develops and markets health care information technology solutions and related services to improve healthcare processes and information flow within hospitals and other healthcare facilities in the United States. The company provides data content and services related to repair, normalization, and interoperability of information for healthcare providers, as well as big data analytics for the healthcare industry. It also offers virtualized item master file repair, expansion, and automation; electronic medical record management; charge description master management; contract management; request for proposal automation; rebate management; integration of acquired management; big data analytics modeling; data integration and warehousing; and ScanWorx.