CHF Solutions Inc (NASDAQ:CHFS) shot up 10.7% on Wednesday . The company traded as high as $1.19 and last traded at $1.14, 1,073,016 shares traded hands during trading. An increase of 97% from the average session volume of 544,702 shares. The stock had previously closed at $1.03.
A number of brokerages have recently weighed in on CHFS. Zacks Investment Research raised shares of CHF Solutions from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. ValuEngine raised CHF Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday.
The business has a 50 day simple moving average of $0.85 and a 200-day simple moving average of $1.71. The stock has a market capitalization of $5.14 million, a price-to-earnings ratio of -0.03 and a beta of 2.27. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.06 and a quick ratio of 1.51.
Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in CHF Solutions during the 3rd quarter worth approximately $48,000. A.R.T. Advisors LLC acquired a new stake in CHF Solutions during the 2nd quarter worth approximately $34,000. Finally, Anson Funds Management LP acquired a new stake in CHF Solutions during the 2nd quarter worth approximately $278,000. Institutional investors and hedge funds own 6.97% of the company’s stock.
CHF Solutions Company Profile (NASDAQ:CHFS)
CHF Solutions, Inc, a medical device company, focuses on the provision of solutions for patients suffering from fluid overload. The company's commercial product is the Aquadex FlexFlow system, which is indicated for temporary ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy, and extended ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy and require hospitalization.
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