Shares of DarioHealth Corp. (NASDAQ:DRIO – Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.81 and traded as low as $0.67. DarioHealth shares last traded at $0.79, with a volume of 315,827 shares trading hands.
DarioHealth Price Performance
The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.32. The business’s fifty day moving average price is $0.81 and its 200-day moving average price is $0.95. The stock has a market capitalization of $26.80 million, a price-to-earnings ratio of -0.84 and a beta of 1.47.
Hedge Funds Weigh In On DarioHealth
Several institutional investors have recently added to or reduced their stakes in the stock. Appian Way Asset Management LP lifted its holdings in DarioHealth by 2.5% during the 3rd quarter. Appian Way Asset Management LP now owns 1,410,870 shares of the company’s stock worth $1,580,000 after purchasing an additional 34,990 shares in the last quarter. DLK Investment Management LLC raised its position in DarioHealth by 71.6% in the 3rd quarter. DLK Investment Management LLC now owns 100,550 shares of the company’s stock worth $113,000 after purchasing an additional 41,943 shares during the period. Finally, XTX Topco Ltd boosted its stake in shares of DarioHealth by 81.4% during the third quarter. XTX Topco Ltd now owns 29,455 shares of the company’s stock valued at $33,000 after purchasing an additional 13,219 shares during the period. Institutional investors own 33.39% of the company’s stock.
DarioHealth Company Profile
DarioHealth Corp. operates as a digital health company in the United States, Canada, the European Union, Australia, and New Zealand. Its digital therapeutics platform and suite of solutions deliver personalized and dynamic interventions driven by data analytics and one-on-one coaching for diabetes, hypertension, weight management, musculoskeletal pain, and behavioral health.
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