WORK Medical Technology Group (NASDAQ:WOK) Trading Down 0.7% – Time to Sell?

WORK Medical Technology Group LTD (NASDAQ:WOK) was down 0.7% during mid-day trading on Thursday . The stock traded as low as $1.38 and last traded at $1.45. Approximately 18,451 shares traded hands during trading, a decline of 93% from the average daily volume of 283,634 shares. The stock had previously closed at $1.46.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WOK. Weiss Ratings restated a “sell (e+)” rating on shares of WORK Medical Technology Group in a research note on Tuesday, February 3rd. Wall Street Zen raised shares of WORK Medical Technology Group to a “hold” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

WORK Medical Technology Group Trading Down 0.7%

The business has a 50-day moving average price of $2.68 and a 200-day moving average price of $2,250.30.

Institutional Investors Weigh In On WORK Medical Technology Group

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC purchased a new position in WORK Medical Technology Group LTD (NASDAQ:WOK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group makes up approximately 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th biggest position. Sabby Management LLC owned 590.89% of WORK Medical Technology Group at the end of the most recent reporting period.

WORK Medical Technology Group Company Profile

WORK Medical Technology Group Ltd. engages in developing health instruments. It manufactures and sells medical devices, including endotracheal tubes, laryngeal mask airways, heat and moisture exchanging filters, disposable breathing circuits, nebulizer kits, and yankauer suction sets. The company was founded on March 1, 2022 and is headquartered in Hangzhou, China.