DarioHealth Corp. (NASDAQ:DRIO) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd lowered its position in DarioHealth Corp. (NASDAQ:DRIO) by 18.5% in the second quarter, HoldingsChannel reports. The fund owned 980,807 shares of the company’s stock after selling 221,924 shares during the quarter. Y.D. More Investments Ltd’s holdings in DarioHealth were worth $1,167,000 at the end of the most recent reporting period.

Separately, Clarity Capital Partners LLC purchased a new position in shares of DarioHealth in the 4th quarter valued at about $293,000. Institutional investors own 33.39% of the company’s stock.

DarioHealth Stock Performance

Shares of DRIO stock opened at $0.79 on Thursday. The company has a current ratio of 2.26, a quick ratio of 1.96 and a debt-to-equity ratio of 0.34. DarioHealth Corp. has a 12-month low of $0.68 and a 12-month high of $3.49. The business’s 50 day moving average is $1.03 and its two-hundred day moving average is $1.32. The company has a market capitalization of $23.64 million, a P/E ratio of -0.47 and a beta of 1.46.

DarioHealth (NASDAQ:DRIO) last announced its earnings results on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.43. The firm had revenue of $6.26 million for the quarter, compared to analyst estimates of $7.57 million. DarioHealth had a negative return on equity of 74.64% and a negative net margin of 265.33%. Analysts expect that DarioHealth Corp. will post -1.21 EPS for the current fiscal year.

DarioHealth Profile

DarioHealth Corp. operates as a digital health company in the United States, Canada, the European Union, Australia, and New Zealand. Its digital therapeutics platform and suite of solutions deliver personalized and dynamic interventions driven by data analytics and one-on-one coaching for diabetes, hypertension, weight management, musculoskeletal pain, and behavioral health.