Mazor Robotics Ltd. (MZOR) Trading Down NaN
Mazor Robotics Ltd. (NASDAQ:MZOR) traded down NaN during trading on Wednesday . The company traded as low as $59.76 and last traded at $0.00. 1,457,235 shares were traded during trading, an increase of Infinity from the average session volume of 0 shares.
A number of equities research analysts have commented on the company. Ladenburg Thalmann Financial Services set a $67.00 price objective on Mazor Robotics and gave the stock a “buy” rating in a research report on Monday. Barclays PLC lowered Mazor Robotics from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $55.00 to $34.00 in a report on Thursday, October 19th. Zacks Investment Research lowered Mazor Robotics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Mazor Robotics in a report on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.83.
Mazor Robotics (NASDAQ:MZOR) last issued its quarterly earnings results on Tuesday, August 1st. The medical instruments supplier reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.09. Mazor Robotics had a negative return on equity of 28.51% and a negative net margin of 37.66%. The firm had revenue of $15.46 million during the quarter, compared to analysts’ expectations of $15.38 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The business’s quarterly revenue was up 86.7% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in MZOR. Quantbot Technologies LP bought a new stake in Mazor Robotics in the second quarter valued at approximately $135,000. JPMorgan Chase & Co. raised its stake in Mazor Robotics by 398.5% in the first quarter. JPMorgan Chase & Co. now owns 6,979 shares of the medical instruments supplier’s stock valued at $208,000 after buying an additional 5,579 shares during the period. BB&T Securities LLC bought a new stake in Mazor Robotics in the second quarter valued at approximately $248,000. Dimensional Fund Advisors LP raised its stake in Mazor Robotics by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 8,570 shares of the medical instruments supplier’s stock valued at $296,000 after buying an additional 641 shares during the period. Finally, ProVise Management Group LLC bought a new stake in Mazor Robotics in the second quarter valued at approximately $422,000. Hedge funds and other institutional investors own 25.69% of the company’s stock.
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Mazor Robotics Company Profile
Mazor Robotics Ltd is an Israel-based medical device company that develops and markets surgical guidance systems and complementary products. It develops computerized and imaging-based systems in the field of spine surgery. Its products include: Renaissance Surgical Guidance System, which enables surgeons to advance from freehand surgical procedures to guided procedures, as well as Food and Drug Administration (FDA)-cleared and European Conformity (CE)-marked Renaissance System, used in spine surgeries, whether open or minimally invasive, for a number of clinical indications.
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