Viemed Healthcare Inc. (NASDAQ: VMD) Volatility Spurs A Quest For Clarity

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With over 0.38 million Viemed Healthcare Inc. (VMD) shares trading Monday and a closing price of $9.67 on the day, the dollar volume was approximately $3.72 million. The shares have shown a negative weekly performance of -1.83% and its price on 07/13/20 lost nearly -7.82%. Currently, there are 38.03M common shares owned by the public and among those 34.34M shares have been available to trade.

The top 3 mutual fund holders in Viemed Healthcare Inc. are Fidelity Small Cap Stock Fund, Wasatch Micro Cap Value Fund, and MDPIM Canadian Equity Pool. Fidelity Small Cap Stock Fund owns 0.83 million shares of the company’s stock, all valued at over $6.94 million. Wasatch Micro Cap Value Fund bought 90000.0 shares to see its total holdings expand to 0.48 million shares valued at over $3.97 million and representing 1.24% of the shares outstanding. MDPIM Canadian Equity Pool bought 0.31 million shares to bring its total holdings to over 0.31 million shares at a value of $2.57 million. MDPIM Canadian Equity Pool now owns shares totaling to 0.80% of the shares outstanding.

Shares of Viemed Healthcare Inc. (NASDAQ: VMD) opened at $10.63, up $0.14 from a prior closing price of $10.49. However, the script later closed the day at $9.67, down -7.82%. The company’s stock has a 5-day price change of -1.83% and 58.52% over the past three months. VMD shares are trading 55.97% year to date (YTD), with the 12-month market performance up to 29.28% higher. It has a 12-month low price of $2.44 and touched a high of $11.93 over the same period. Currently, 0.38 million shares have been traded, compared to an average intraday trading volume of 511.32K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.29%, 9.39%, and 44.46% respectively.

Institutional ownership of Viemed Healthcare Inc. (NASDAQ: VMD) shares accounts for 36.97% of the company’s 38.03M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $367.76M. The stock’s trailing 12-month PE ratio is 38.68, while the earnings-per-share (ttm) stands at $0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.35% over the week and 7.06% over the month.

Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”

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