Kindly MD (NASDAQ:KDLY) Stock Price Down 6.1% – Time to Sell?

Kindly MD, Inc. (NASDAQ:KDLY) was down 6.1% on Wednesday . The stock traded as low as $14.63 and last traded at $15.31. Approximately 510,291 shares were traded during trading, a decline of 76% from the average daily volume of 2,105,589 shares. The stock had previously closed at $16.30.

Kindly MD Trading Down 6.1%

The company has a market capitalization of $92.20 million and a P/E ratio of -19.88. The stock has a 50 day moving average price of $12.07 and a 200 day moving average price of $5.21.

Kindly MD (NASDAQ:KDLY) last announced its earnings results on Thursday, May 8th. The company reported ($0.17) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Kindly MD

An institutional investor recently raised its position in Kindly MD stock. Cetera Investment Advisers boosted its holdings in Kindly MD, Inc. (NASDAQ:KDLY) by 206.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,794 shares of the company’s stock after purchasing an additional 155,425 shares during the period. Cetera Investment Advisers owned about 3.83% of Kindly MD worth $372,000 as of its most recent SEC filing.

About Kindly MD

Kindly MD, Inc provides healthcare services. Its services include medication management, behavioral healthcare and alternative treatments. The firm offers evaluation and management, including chronic pain, functional medicine, cognitive behavioral therapy, trauma and addiction therapy, recovery support services, overdose education efforts, peer support, limited urgent care, preventative medicine, travel services, and hormone therapy.