TRxADE HEALTH (NASDAQ:MEDS) Trading Down 3.8%

TRxADE HEALTH, Inc. (NASDAQ:MEDS)’s share price was down 3.8% during mid-day trading on Wednesday . The stock traded as low as $7.25 and last traded at $7.28. Approximately 9,199 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 221,337 shares. The stock had previously closed at $7.57.

TRxADE HEALTH Trading Down 3.8 %

The firm’s fifty day moving average price is $11.47 and its two-hundred day moving average price is $10.42.

TRxADE HEALTH (NASDAQ:MEDS) last posted its quarterly earnings results on Friday, August 9th. The company reported ($1.04) earnings per share for the quarter. TRxADE HEALTH had a negative return on equity of 198.55% and a negative net margin of 149.81%. The firm had revenue of $0.02 million during the quarter.

TRxADE HEALTH Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, July 24th. Stockholders of record on Friday, July 19th were issued a $1.50 dividend. The ex-dividend date was Friday, July 19th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TRxADE HEALTH stock. Virtu Financial LLC bought a new stake in shares of TRxADE HEALTH, Inc. (NASDAQ:MEDS) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,617 shares of the company’s stock, valued at approximately $109,000. Virtu Financial LLC owned approximately 0.75% of TRxADE HEALTH at the end of the most recent reporting period. Institutional investors and hedge funds own 5.68% of the company’s stock.

About TRxADE HEALTH

TRxADE HEALTH, Inc operates as a health services information technology (IT) company in the United States. The company focuses on digitalizing the retail pharmacy experience by optimizing drug procurement, prescription journey, and patient engagement; and designs, develops, owns, and operates a business-to-business web-based marketplace.