ICM Asset Management Inc. WA acquired a new position in shares of Myomo Inc (NYSEAMERICAN:MYO) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 266,000 shares of the company’s stock, valued at approximately $319,000.

Separately, Bank of New York Mellon Corp grew its holdings in Myomo by 87.7% in the fourth quarter. Bank of New York Mellon Corp now owns 46,925 shares of the company’s stock worth $68,000 after purchasing an additional 21,925 shares during the period.

Shares of MYO traded down $0.02 during trading hours on Monday, reaching $1.17. 57,080 shares of the stock traded hands, compared to its average volume of 93,100. Myomo Inc has a 52 week low of $1.15 and a 52 week high of $4.30.

Myomo (NYSEAMERICAN:MYO) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. The firm had revenue of $0.89 million for the quarter, compared to the consensus estimate of $0.70 million.

MYO has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Myomo from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. Roth Capital reiterated a “buy” rating on shares of Myomo in a report on Tuesday, February 5th.

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Myomo Company Profile

Myomo, Inc, a commercial stage medical robotics company, designs, develops, and produces myoelectric braces or orthotics for people suffering with neuromuscular disorders in the United States. It offers MyoPro, a powered upper limb orthosis that supports the arm, as well as restores function to the weakened or paralyzed arms of patients suffering from CVA stroke, brachial plexus injury, traumatic brain injury, spinal cord injury, ALS, or other neuromuscular disease or injury.

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