BTIG Research Reaffirms “Neutral” Rating for Cue Health (NASDAQ:HLTH)

BTIG Research restated their neutral rating on shares of Cue Health (NASDAQ:HLTHFree Report) in a report issued on Thursday, MarketBeat Ratings reports.

Cue Health Trading Down 10.8 %

NASDAQ HLTH opened at $0.20 on Thursday. The company has a market cap of $30.34 million, a price-to-earnings ratio of -0.08 and a beta of 1.33. The company has a 50 day moving average of $0.24 and a 200-day moving average of $0.32. Cue Health has a 1-year low of $0.16 and a 1-year high of $2.37.

Institutional Trading of Cue Health

Several large investors have recently modified their holdings of HLTH. Dimensional Fund Advisors LP acquired a new stake in Cue Health during the first quarter worth about $32,000. American Century Companies Inc. bought a new stake in Cue Health during the fourth quarter worth $32,000. Franklin Resources Inc. acquired a new stake in shares of Cue Health in the 1st quarter valued at $33,000. Legal & General Group Plc lifted its position in shares of Cue Health by 813.8% during the 2nd quarter. Legal & General Group Plc now owns 12,355 shares of the company’s stock worth $39,000 after buying an additional 11,003 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Cue Health in the third quarter valued at about $48,000. 43.82% of the stock is owned by institutional investors and hedge funds.

Cue Health Company Profile

(Get Free Report)

Cue Health Inc, a healthcare technology company, designs and develops diagnostic platform for diagnostic tests for individuals, enterprises, healthcare providers and payors, and public health agencies. It offers Cue Integrated Care platform comprising hardware and software components, such as Cue Health Monitoring System consisting of Cue Reader, a portable and reusable reader, Cue Cartridge, a single-use test cartridge, and Cue Wand, a sample collection wand; Cue Data and Innovation Layer, a solution with cloud-based data and analytics capability; Cue Virtual Care Delivery Apps, which include Cue Health App and Cue Enterprise Dashboard; and Cue Ecosystem Integrations and Apps, a solution that allows integrations with third-party applications and sensors.

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