OneMedNet (NASDAQ:ONMD) Shares Down 6.4% – Here’s What Happened

OneMedNet Co. (NASDAQ:ONMD)’s share price traded down 6.4% on Tuesday . The company traded as low as $1.30 and last traded at $1.32. 161,325 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 107,756 shares. The stock had previously closed at $1.41.

OneMedNet Stock Performance

The stock has a 50-day simple moving average of $1.04 and a 200-day simple moving average of $0.95.

OneMedNet (NASDAQ:ONMD) last issued its earnings results on Tuesday, December 17th. The company reported ($0.08) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On OneMedNet

A hedge fund recently raised its stake in OneMedNet stock. XTX Topco Ltd lifted its stake in shares of OneMedNet Co. (NASDAQ:ONMD) by 280.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,683 shares of the company’s stock after buying an additional 30,723 shares during the quarter. XTX Topco Ltd owned 0.15% of OneMedNet worth $25,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.95% of the company’s stock.

OneMedNet Company Profile

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.