OneMedNet (NASDAQ:ONMD) Trading Down 1.4%

Shares of OneMedNet Co. (NASDAQ:ONMD) were down 1.4% during mid-day trading on Friday . The company traded as low as $0.62 and last traded at $0.64. Approximately 207,707 shares changed hands during trading, a decline of 94% from the average daily volume of 3,464,105 shares. The stock had previously closed at $0.65.

OneMedNet Price Performance

The company has a market capitalization of $15.28 million, a price-to-earnings ratio of -3.37 and a beta of 0.74. The firm has a fifty day simple moving average of $1.00 and a 200 day simple moving average of $0.97.

Institutional Investors Weigh In On OneMedNet

A hedge fund recently bought a new stake in OneMedNet stock. PNC Financial Services Group Inc. bought a new stake in OneMedNet Co. (NASDAQ:ONMD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 237,122 shares of the company’s stock, valued at approximately $192,000. PNC Financial Services Group Inc. owned 0.74% of OneMedNet as of its most recent SEC filing. 0.95% of the stock is owned by institutional investors.

About OneMedNet

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences.