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

Shares of Semler Scientific, Inc. (NASDAQ:SMLR) gapped down prior to trading on Tuesday . The stock had previously closed at $60.71, but opened at $58.32. Semler Scientific shares last traded at $60.81, with a volume of 192,941 shares.

Semler Scientific Trading Up 4.1 %

The firm has a 50 day moving average of $36.60 and a 200-day moving average of $32.36. The company has a market cap of $523.85 million, a P/E ratio of 29.61 and a beta of 1.17.

Semler Scientific (NASDAQ:SMLR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.72 EPS for the quarter, topping the consensus estimate 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 hedge funds and other institutional investors have recently bought and sold shares of SMLR. Principal Financial Group Inc. purchased a new position in Semler Scientific in the third quarter valued at about $361,000. Shariaportfolio Inc. acquired a new stake in shares of Semler Scientific in the 3rd quarter worth $3,618,000. CWM LLC grew its stake in Semler Scientific by 486.3% during the 2nd quarter. CWM LLC now owns 897 shares of the company’s stock worth $31,000 after buying an additional 744 shares during the last quarter. Cerity Partners LLC increased its position in Semler Scientific by 91.5% during the 3rd quarter. Cerity Partners LLC now owns 1,345,586 shares of the company’s stock valued at $31,689,000 after buying an additional 642,982 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Semler Scientific by 18.3% in the second quarter. Dimensional Fund Advisors LP now owns 126,177 shares of the company’s stock valued at $4,341,000 after buying an additional 19,552 shares during the last quarter. Institutional investors own 49.37% of the company’s stock.

Semler Scientific Company Profile

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.