TransEnterix (NYSEAMERICAN:TRXC) Stock Price Down 13.9%
TransEnterix, Inc. (NYSEAMERICAN:TRXC)’s share price was down 13.9% during trading on Friday . The company traded as low as $0.37 and last traded at $0.38, approximately 5,971,004 shares changed hands during mid-day trading. An increase of 130% from the average daily volume of 2,597,725 shares. The stock had previously closed at $0.44.
A number of equities research analysts recently issued reports on TRXC shares. Royal Bank of Canada downgraded TransEnterix from an “outperform” rating to a “sector perform” rating and set a $1.00 price objective on the stock. in a research report on Thursday, August 8th. Zacks Investment Research downgraded TransEnterix from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. TransEnterix presently has an average rating of “Hold” and an average target price of $2.62.
TransEnterix (NYSEAMERICAN:TRXC) last released its quarterly earnings results on Wednesday, August 7th. The medical instruments supplier reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). The business had revenue of $3.64 million during the quarter, compared to analyst estimates of $5.13 million.
TransEnterix Company Profile (NYSEAMERICAN:TRXC)
TransEnterix, Inc, a medical device company, engages in the research, development, and sale of medical device robotics to enhance minimally invasive surgery. The company offers Senhance System, a multi-port robotic surgery system, which allows up to four arms to control robotic instruments and a camera in Europe.
Further Reading: Why investors pay attention to retained earnings
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