Semler Scientific (NASDAQ:SMLR) Shares Gap Down – Here’s What Happened

Semler Scientific, Inc. (NASDAQ:SMLR) gapped down before the market opened on Monday . The stock had previously closed at $63.27, but opened at $60.80. Semler Scientific shares last traded at $58.01, with a volume of 179,324 shares trading hands.

Semler Scientific Price Performance

The stock’s 50 day moving average is $52.02 and its 200-day moving average is $37.30. The company has a market capitalization of $525.99 million, a P/E ratio of 27.69 and a beta of 1.18.

Semler Scientific (NASDAQ:SMLR) last released its earnings results on Monday, November 4th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.35. The company had revenue of $13.51 million during the quarter. Semler Scientific had a return on equity of 20.31% and a net margin of 27.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. purchased a new stake in Semler Scientific in the second quarter worth about $34,000. Quest Partners LLC bought a new stake in shares of Semler Scientific in the 2nd quarter worth approximately $59,000. Meeder Asset Management Inc. purchased a new stake in shares of Semler Scientific in the 2nd quarter worth approximately $67,000. US Bancorp DE increased its position in Semler Scientific by 60.8% during the 3rd quarter. US Bancorp DE now owns 3,064 shares of the company’s stock valued at $72,000 after buying an additional 1,158 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Semler Scientific in the third quarter worth $104,000. 49.37% of the stock is currently owned by institutional investors.

About Semler Scientific

Semler Scientific, Inc provides technology solutions to enhance the clinical effectiveness and efficiency of healthcare providers in the United States. The company’s products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient’s vascular condition.