DarioHealth (NASDAQ:DRIO) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

DarioHealth Corp. (NASDAQ:DRIO) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.82 and traded as low as $0.64. DarioHealth shares last traded at $0.67, with a volume of 98,366 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Cowen cut DarioHealth from a “buy” rating to a “hold” rating and dropped their price target for the company from $2.00 to $1.00 in a research note on Wednesday, January 29th.

DarioHealth Stock Up 3.3 %

The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The stock has a market cap of $22.90 million, a P/E ratio of -0.71 and a beta of 1.39. The firm has a 50-day simple moving average of $0.73 and a two-hundred day simple moving average of $0.82.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. DLK Investment Management LLC increased its position in DarioHealth by 40.9% during the 4th quarter. DLK Investment Management LLC now owns 141,657 shares of the company’s stock worth $111,000 after buying an additional 41,107 shares during the period. XTX Topco Ltd increased its position in DarioHealth by 81.4% during the 3rd quarter. XTX Topco Ltd now owns 29,455 shares of the company’s stock worth $33,000 after buying an additional 13,219 shares during the period. Finally, Appian Way Asset Management LP increased its position in DarioHealth by 2.5% during the 3rd quarter. Appian Way Asset Management LP now owns 1,410,870 shares of the company’s stock worth $1,580,000 after buying an additional 34,990 shares during the period. Institutional investors own 33.39% of the company’s stock.

DarioHealth Company Profile

DarioHealth Corp. operates as a digital health company in the United States, Canada, the European Union, Australia, and New Zealand. Its digital therapeutics platform and suite of solutions deliver personalized and dynamic interventions driven by data analytics and one-on-one coaching for diabetes, hypertension, weight management, musculoskeletal pain, and behavioral health.