InfuSystem Holdings, Inc. (NYSE:INFU – Get Free Report) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $13.02 and traded as low as $12.34. InfuSystem shares last traded at $12.80, with a volume of 249,425 shares changing hands.
Wall Street Analyst Weigh In
Separately, B. Riley Financial reiterated a “buy” rating and set a $20.00 price target (up from $12.00) on shares of InfuSystem in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, InfuSystem has a consensus rating of “Buy” and a consensus price target of $17.50.
Read Our Latest Report on INFU
InfuSystem Price Performance
The company has a current ratio of 1.98, a quick ratio of 1.59 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $258.33 million, a PE ratio of 213.37 and a beta of 1.49. The company has a fifty day moving average price of $13.02 and a two-hundred day moving average price of $10.36.
Institutional Investors Weigh In On InfuSystem
A number of institutional investors and hedge funds have recently added to or reduced their stakes in INFU. BlackRock Inc. acquired a new stake in shares of InfuSystem in the second quarter valued at approximately $15,299,000. Punch & Associates Investment Management Inc. acquired a new position in shares of InfuSystem in the 2nd quarter valued at $8,055,000. Heartland Advisors Inc. acquired a new position in shares of InfuSystem in the 2nd quarter valued at $6,755,000. Dimensional Fund Advisors LP increased its holdings in shares of InfuSystem by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 594,288 shares of the company’s stock valued at $5,486,000 after acquiring an additional 33,410 shares during the period. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in InfuSystem in the 2nd quarter valued at $4,719,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.
InfuSystem Company Profile
InfuSystem Holdings, Inc is a health care services company that provides ambulatory infusion pump and related clinical support services. The company helps health care providers and patients manage therapies outside traditional hospital settings, with a particular focus on oncology and other treatments requiring portable infusion equipment.
Its services include the rental and management of infusion pumps, equipment maintenance and biomedical services, delivery of related supplies, patient education, and 24-hour clinical and technical support.
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