Nuwellis, Inc. (NASDAQ:NUWE – Get Free Report) shot up 30% during mid-day trading on Monday . The stock traded as high as $0.36 and last traded at $0.33. 6,068,313 shares changed hands during trading, an increase of 628% from the average session volume of 833,332 shares. The stock had previously closed at $0.26.
Nuwellis Stock Up 30.0 %
The stock has a market capitalization of $2.27 million, a PE ratio of -0.02 and a beta of 0.17. The firm’s fifty day moving average is $0.46 and its 200-day moving average is $0.58.
Nuwellis (NASDAQ:NUWE – Get Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($2.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.39) by ($0.85). The firm had revenue of $2.55 million for the quarter. Nuwellis had a negative return on equity of 218.79% and a negative net margin of 227.99%. During the same period in the prior year, the company earned ($5.00) earnings per share. On average, analysts expect that Nuwellis, Inc. will post -2.29 EPS for the current year.
Nuwellis Company Profile
Nuwellis, Inc, a medical device company, focuses on developing, manufacturing, and commercializing medical devices used in ultrafiltration therapy. The company's products are the Aquadex FlexFlow and Aquadex SmartFlow systems, which are indicated for the treatment of patients suffering from fluid overload who have failed diuretics.
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