InfuSystem (NYSE:INFU) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• InfuSystem shares fell 7.5% and traded as low as $12.34, crossing below their 50-day moving average of $13.02; the latest reported price was $12.80.
• Analysts maintain a consensus Buy rating with an average price target of $17.50. B. Riley reiterated its Buy rating and raised its target to $20 from $12.
• Institutional investors and hedge funds own 71.13% of InfuSystem; several investors disclosed new positions during the second quarter.

InfuSystem Holdings, Inc. (NYSE:INFU - Get Free Report)'s share price crossed 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.

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 report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $17.50.

InfuSystem Stock Down 7.5%

The stock has a market cap of $258.33 million, a PE ratio of 213.37 and a beta of 1.49. The firm has a fifty day moving average of $13.02 and a 200 day moving average of $10.36. The company has a quick ratio of 1.59, a current ratio of 1.98 and a debt-to-equity ratio of 0.50.

Institutional Investors Weigh In On InfuSystem

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AXQ Capital LP purchased a new stake in InfuSystem during the second quarter worth approximately $98,000. Commerce Bank acquired a new position in InfuSystem in the second quarter valued at approximately $121,000. Bank of America Corp DE purchased a new position in InfuSystem in the second quarter valued at approximately $132,000. GK Wealth Management LLC purchased a new position in InfuSystem in the second quarter valued at approximately $133,000. Finally, Deutsche Bank AG acquired a new stake in InfuSystem during the second quarter worth approximately $185,000. Institutional investors and hedge funds own 71.13% of the company's stock.

About InfuSystem

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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