IMAC (NASDAQ:IMAC) Stock Price Up 35.5%

IMAC Holdings, Inc. (NASDAQ:IMAC)’s share price rose 35.5% during trading on Tuesday . The company traded as high as $4.79 and last traded at $4.54. Approximately 951,671 shares traded hands during trading, an increase of 34% from the average daily volume of 708,132 shares. The stock had previously closed at $3.35.

IMAC Stock Performance

The stock’s 50 day moving average is $2.09 and its two-hundred day moving average is $1.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.27 and a current ratio of 1.27.

Hedge Funds Weigh In On IMAC

A hedge fund recently bought a new stake in IMAC stock. Virtu Financial LLC bought a new position in shares of IMAC Holdings, Inc. (NASDAQ:IMAC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 66,755 shares of the company’s stock, valued at approximately $55,000. Virtu Financial LLC owned about 0.25% of IMAC as of its most recent SEC filing. 24.27% of the stock is currently owned by institutional investors.

IMAC Company Profile

IMAC Holdings, Inc owns, manages, and subleases a chain of innovative medical advancements and care regeneration centers in the United States. The company's outpatient medical clinics provide regenerative, orthopedic, and minimally invasive procedures and therapies to patients with sports injuries, ligament and tendon damage, and other related soft tissue conditions, as well as back, knee, and joint pains.