Zacks Investment Research upgraded shares of Nexeon MedSystems (OTCMKTS:NXNN) from a sell rating to a hold rating in a research note published on Tuesday.

According to Zacks, “Nexeon MedSystems, Inc. is a medical device company. It focused on providing innovative neurostimulation products for patients suffering from debilitating neurological diseases. Nexeon MedSystems, Inc. is based in DALLAS, United States. “

Separately, ValuEngine upgraded shares of Nexeon MedSystems from a sell rating to a hold rating in a research report on Wednesday, May 2nd.

Nexeon MedSystems opened at $0.65 on Tuesday, Marketbeat.com reports. The company has a quick ratio of 0.58, a current ratio of 1.01 and a debt-to-equity ratio of 0.26. The firm has a market cap of $22.17 million and a price-to-earnings ratio of -2.50. Nexeon MedSystems has a fifty-two week low of $0.32 and a fifty-two week high of $2.50.

Nexeon MedSystems (OTCMKTS:NXNN) last posted its quarterly earnings data on Monday, May 21st. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The company had revenue of $2.87 million for the quarter, compared to analyst estimates of $1.70 million. equities research analysts predict that Nexeon MedSystems will post -0.23 EPS for the current year.

About Nexeon MedSystems

Nexeon MedSystems Inc, a medical device company, develops, manufactures, and commercializes neurostimulation technology for the treatment of various neurological disorders through electrical stimulation of neural tissues. Its neurostimulation technology platform would provide treatment to patients in several neurostimulator markets, including deep brain stimulation, peripheral electrical nerve stimulation, sacral nerve stimulation, spinal cord stimulation, vagus nerve stimulation, and other neurostimulator markets.

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