Wellgistics Health (NASDAQ:WGRX) Shares Gap Down – Here’s What Happened

Wellgistics Health, Inc. (NASDAQ:WGRX) gapped down before the market opened on Tuesday . The stock had previously closed at $4.1350, but opened at $3.91. Wellgistics Health shares last traded at $4.00, with a volume of 185,340 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Wellgistics Health in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Wellgistics Health has an average rating of “Sell”.

Wellgistics Health Trading Up 17.7%

The company has a quick ratio of 0.03, a current ratio of 0.09 and a debt-to-equity ratio of 1.86. The firm has a market cap of $9.34 million, a price-to-earnings ratio of -0.08 and a beta of -1.17. The business has a 50 day moving average price of $5.66 and a 200-day moving average price of $15.04.

Wellgistics Health (NASDAQ:WGRX) last issued its quarterly earnings data on Tuesday, May 19th. The company reported ($3.50) earnings per share for the quarter. Wellgistics Health had a negative net margin of 545.69% and a negative return on equity of 1,617.25%. The business had revenue of $1.56 million for the quarter.

Institutional Investors Weigh In On Wellgistics Health

A number of hedge funds have recently bought and sold shares of WGRX. Heights Capital Management Inc. acquired a new stake in Wellgistics Health during the 3rd quarter valued at approximately $2,588,000. Geode Capital Management LLC grew its stake in Wellgistics Health by 81.0% during the 4th quarter. Geode Capital Management LLC now owns 487,383 shares of the company’s stock valued at $195,000 after purchasing an additional 218,170 shares in the last quarter. XTX Topco Ltd grew its stake in Wellgistics Health by 195.1% during the 4th quarter. XTX Topco Ltd now owns 106,087 shares of the company’s stock valued at $42,000 after purchasing an additional 70,137 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Wellgistics Health by 593.8% during the 3rd quarter. Raymond James Financial Inc. now owns 58,421 shares of the company’s stock valued at $52,000 after purchasing an additional 50,000 shares in the last quarter.

About Wellgistics Health

Founded in 2022, Wellgistics Health is a holding company for various existing and planned strategic businesses centered around pharmaceuticals and healthcare services. As a micro health ecosystem, our portfolio of companies consists of a pharmacy, wholesale operations, and a technology division with a novel platform for hub and clinical services. We are focused on improving the lives of patients while delivering unique solutions for pharmacies, providers, pharmaceutical manufacturers, and payors.