Nutex Health (NASDAQ:NUTX) Issues Quarterly Earnings Results

Nutex Health (NASDAQ:NUTX) posted its quarterly earnings results on Monday. The company reported $11.12 EPS for the quarter, topping the consensus estimate of ($0.09) by $11.21, Zacks reports. The business had revenue of $81.30 million for the quarter, compared to analyst estimates of $81.13 million. Nutex Health had a negative return on equity of 51.27% and a negative net margin of 14.09%.

Nutex Health Trading Up 51.8 %

NASDAQ:NUTX traded up $24.37 on Tuesday, reaching $71.40. 313,933 shares of the company’s stock were exchanged, compared to its average volume of 50,964. Nutex Health has a 52-week low of $4.16 and a 52-week high of $72.81. The business has a fifty day moving average of $52.46 and a 200-day moving average of $37.03. The firm has a market capitalization of $388.20 million, a price-to-earnings ratio of -7.61 and a beta of 0.01. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 3.36.

Hedge Funds Weigh In On Nutex Health

An institutional investor recently raised its position in Nutex Health stock. Bank of America Corp DE boosted its holdings in Nutex Health Inc. (NASDAQ:NUTX) by 6,590.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,074 shares of the company’s stock after buying an additional 2,043 shares during the quarter. Bank of America Corp DE’s holdings in Nutex Health were worth $66,000 at the end of the most recent quarter. Institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Maxim Group upped their price target on Nutex Health from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 13th.

About Nutex Health

Nutex Health Inc operates as a physician-led, healthcare services, and operations company. It operates through three segments: Hospital, Population Health Management (PHM), and Real Estate. The PHM segment establishes and operates independent physician associations; and offers a cloud-based platform for healthcare organizations to provide value-based care and population health management.