Viemed Healthcare (CVE:VMD) Trading Down 2% – Here’s What Happened

Viemed Healthcare (CVE:VMD)’s stock price traded down 2% on Tuesday . The company traded as low as C$4.84 and last traded at C$4.95. Approximately 91,383 shares traded hands during trading, a decline of 54% from the average session volume of 197,608 shares. The stock had previously closed at C$5.05.

Viemed Healthcare Price Performance

The company’s 50-day moving average price is C$4.95 and its 200-day moving average price is C$4.95.

Institutional Investors Weigh In On Viemed Healthcare

An institutional investor recently bought a new position in Viemed Healthcare stock. Walleye Capital LLC acquired a new position in shares of Viemed Healthcare (CVE:VMD) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 183,909 shares of the company’s stock, valued at approximately $2,097,000. Walleye Capital LLC owned approximately 0.49% of Viemed Healthcare at the end of the most recent quarter.

Viemed Healthcare Company Profile

Viemed Healthcare, Inc, through its subsidiaries, provides in-home health care solutions in the United States. It offers respiratory services and related equipment, including non-invasive ventilators, positive airway pressure machines, and oxygen units, as well as services of respiratory therapists. The company also provides in-home sleep apnea testing to determine the existence of sleep apnea at home. In addition, it leases equipment, including non-invasive ventilators, bi-level devices and CPaP, percussion vests, and various supplies and peripheral equipment, as well as sells medical equipment and patient monitoring services.