Kindly MD (NASDAQ:KDLY) Shares Up 7.1% – Still a Buy?

Kindly MD, Inc. (NASDAQ:KDLY) shares shot up 7.1% during mid-day trading on Tuesday . The stock traded as high as $1.35 and last traded at $1.35. 17,626 shares changed hands during trading, a decline of 77% from the average session volume of 77,143 shares. The stock had previously closed at $1.26.

Kindly MD Stock Performance

The firm’s 50 day moving average is $1.33 and its 200-day moving average is $1.39.

Kindly MD (NASDAQ:KDLY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.17) earnings per share (EPS) for the quarter. The company had revenue of $0.65 million for the quarter.

Hedge Funds Weigh In On Kindly MD

An institutional investor recently bought a new position in Kindly MD stock. Townsquare Capital LLC purchased a new position in shares of Kindly MD, Inc. (NASDAQ:KDLY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 701,000 shares of the company’s stock, valued at approximately $736,000. Townsquare Capital LLC owned 11.78% of Kindly MD as of its most recent SEC filing.

Kindly MD Company Profile

KindlyMD Inc is a patient-first healthcare and healthcare data company uniquely integrating traditional primary care and pain management strategies with integrated behavioral and alternative therapies, including the recommendation of medical cannabis in patient treatment plans in compliance with a legalized state medical cannabis regulatory scheme.