Dextera Surgical (DXTR) Stock Price Down 6.7%
Dextera Surgical Inc (NASDAQ:DXTR) shares fell 6.7% during trading on Tuesday . The stock traded as low as $0.14 and last traded at $0.14. 1,769,100 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 3,578,225 shares. The stock had previously closed at $0.15.
Several research firms have recently commented on DXTR. Zacks Investment Research downgraded Dextera Surgical from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Ladenburg Thalmann Financial Services began coverage on Dextera Surgical in a research note on Wednesday, August 16th. They issued a “buy” rating and a $0.80 price objective on the stock.
Dextera Surgical (NASDAQ:DXTR) last posted its quarterly earnings data on Thursday, November 9th. The medical instruments supplier reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $0.62 million. equities analysts expect that Dextera Surgical Inc will post -0.25 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Dextera Surgical stock. Broadfin Capital LLC boosted its holdings in shares of Dextera Surgical Inc (NASDAQ:DXTR) by 64.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 987,520 shares of the medical instruments supplier’s stock after purchasing an additional 388,080 shares during the quarter. Broadfin Capital LLC owned about 11.06% of Dextera Surgical worth $296,000 at the end of the most recent quarter. 4.49% of the stock is currently owned by institutional investors.
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Dextera Surgical Company Profile
Dextera Surgical Inc, formerly Cardica, Inc, designs and manufactures stapling devices that enable the advancement of minimally invasive surgical procedures. The Company is engaged in commercializing and developing its MicroCutter 5/80 stapler based on its staple-on-a-strip technology for use by thoracic, pediatric, bariatric, colorectal and general surgeons.
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