IMAC (NASDAQ:IMAC) Shares Up 35.5%

IMAC Holdings, Inc. (NASDAQ:IMAC)’s share price was up 35.5% during mid-day trading on Tuesday . The stock traded as high as $4.79 and last traded at $4.54. Approximately 951,671 shares were traded during trading, an increase of 34% from the average daily volume of 708,132 shares. The stock had previously closed at $3.35.

IMAC Trading Up 35.5 %

The business’s 50 day simple moving average is $2.01 and its 200 day simple moving average is $1.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.27 and a current ratio of 1.27.

Institutional Investors Weigh In On IMAC

A hedge fund recently bought a new stake in IMAC stock. State Street Corp purchased a new stake in IMAC Holdings, Inc. (NASDAQ:IMAC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 40,161 shares of the company’s stock, valued at approximately $33,000. State Street Corp owned 0.15% of IMAC as of its most recent filing with the SEC. 24.27% of the stock is owned by hedge funds and other institutional investors.

About IMAC

IMAC Holdings, Inc owns, manages, and subleases a chain of innovative medical advancements and care regeneration centers in the United States. The company's outpatient medical clinics provide regenerative, orthopedic, and minimally invasive procedures and therapies to patients with sports injuries, ligament and tendon damage, and other related soft tissue conditions, as well as back, knee, and joint pains.