NantHealth (NH) Sees Large Volume Increase

NantHealth Inc (NASDAQ:NH) shares saw strong trading volume on Friday . 6,118,098 shares traded hands during trading, an increase of 1,566% from the previous session’s volume of 367,215 shares.The stock last traded at $1.19 and had previously closed at $1.08.

Separately, Zacks Investment Research upgraded shares of NantHealth from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $4.08.

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The company has a market cap of $147.07 million, a P/E ratio of -1.06 and a beta of 0.86. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 3.89.

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in NantHealth in the fourth quarter valued at $29,000. Paloma Partners Management Co acquired a new stake in NantHealth in the fourth quarter valued at $31,000. Vanguard Group Inc lifted its stake in NantHealth by 2.3% in the third quarter. Vanguard Group Inc now owns 646,248 shares of the company’s stock valued at $1,015,000 after acquiring an additional 14,515 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in NantHealth by 1.5% in the third quarter. BlackRock Inc. now owns 2,373,118 shares of the company’s stock valued at $3,725,000 after acquiring an additional 35,869 shares during the last quarter. Hedge funds and other institutional investors own 4.42% of the company’s stock.

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NantHealth Company Profile (NASDAQ:NH)

NantHealth, Inc, together with its subsidiaries, operates as an evidence-based personalized healthcare company in the United States and internationally. The company engages in converging science and technology through an integrated clinical platform to provide health information at the point of care.

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