Scienture (NASDAQ:SCNX) Stock Price Down 7.5% – Here’s What Happened

Scienture Holdings, Inc. (NASDAQ:SCNX)’s share price traded down 7.5% during mid-day trading on Friday . The stock traded as low as $0.96 and last traded at $0.96. 384,280 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 1,322,089 shares. The stock had previously closed at $1.04.

Scienture Trading Down 7.5 %

The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $2.45.

Institutional Trading of Scienture

An institutional investor recently bought a new position in Scienture stock. Millennium Management LLC acquired a new position in shares of Scienture Holdings, Inc. (NASDAQ:SCNX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 33,987 shares of the company’s stock, valued at approximately $206,000. Millennium Management LLC owned 0.39% of Scienture as of its most recent SEC filing. Institutional investors and hedge funds own 5.68% of the company’s stock.

Scienture Company Profile

Scienture Holdings, Inc engages in the provision of health services and pharmaceutical products. It focuses on addressing underserved patients and indications through novel product concepts and innovation. The company was founded on July 15, 2005 and is headquartered in Lutz, FL.