Nuwellis (NASDAQ:NUWE) Trading Up 30%

Shares of Nuwellis, Inc. (NASDAQ:NUWE) traded up 30% during mid-day trading on Monday . The company 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 capitalization of $1.71 million, a P/E ratio of -0.02 and a beta of 0.17. The stock has a 50 day moving average of $0.45 and a 200-day moving average of $0.57.

Nuwellis (NASDAQ:NUWE) last issued its earnings results on Tuesday, March 5th. The company reported ($2.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.39) by ($0.85). The firm had revenue of $2.55 million for the quarter. Nuwellis had a negative net margin of 227.99% and a negative return on equity of 218.79%. During the same period in the previous year, the business posted ($5.00) earnings per share. Research analysts anticipate 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.