Nuwellis (NASDAQ:NUWE) Trading Up 30%

Nuwellis, Inc. (NASDAQ:NUWE)’s share price traded up 30% during mid-day trading on Monday . The stock traded as high as $0.36 and last traded at $0.33. 6,068,313 shares traded hands during trading, an increase of 628% from the average session volume of 833,332 shares. The stock had previously closed at $0.26.

Nuwellis Trading Down 14.9 %

The stock has a market cap of $1.71 million, a PE ratio of -0.02 and a beta of 0.17. The company’s 50 day moving average is $0.45 and its 200-day moving average is $0.57.

Nuwellis (NASDAQ:NUWE) last released its earnings results on Tuesday, March 5th. The company reported ($2.24) earnings per share for the quarter, missing the consensus estimate of ($1.39) by ($0.85). Nuwellis had a negative return on equity of 218.79% and a negative net margin of 227.99%. The company had revenue of $2.55 million during the quarter. During the same period in the prior year, the firm earned ($5.00) earnings per share. As a group, analysts forecast that Nuwellis, Inc. will post -2.29 EPS for the current year.

About Nuwellis

Nuwellis, Inc, a medical device company, focuses on developing, manufacturing, and commercializing medical devices used in ultrafiltration therapy. The company's products are the Aquadex FlexFlow and Aquadex SmartFlow systems, which are indicated for the treatment of patients suffering from fluid overload who have failed diuretics.