Nuwellis (NASDAQ:NUWE) Stock Price Up 2.4% – Here’s What Happened

Nuwellis, Inc. (NASDAQ:NUWE) was up 2.4% during mid-day trading on Friday . The stock traded as high as $1.30 and last traded at $1.27. Approximately 126,201 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 954,360 shares. The stock had previously closed at $1.24.

Nuwellis Price Performance

The firm has a 50-day simple moving average of $1.17 and a 200 day simple moving average of $1.54. The company has a market capitalization of $5.55 million, a PE ratio of -0.01 and a beta of 0.31.

Nuwellis (NASDAQ:NUWE) last announced its earnings results on Monday, November 11th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of ($0.88) by $2.62. The business had revenue of $2.37 million for the quarter, compared to the consensus estimate of $2.40 million. Nuwellis had a negative return on equity of 28,159.25% and a negative net margin of 169.54%. During the same period last year, the business posted ($63.29) EPS. Equities research analysts expect that Nuwellis, Inc. will post -8.17 EPS for the current fiscal year.

Nuwellis Company Profile

Nuwellis, Inc, a medical device company, develops, manufactures, and commercializes medical devices used in ultrafiltration therapy. The company offers Aquadex FlexFlow and Aquadex SmartFlow systems, which are used to treat patients suffering from fluid overload due to heart failure. Its Aquadex FlexFlow system includes a console, disposable blood circuit set, and disposable catheter.