Roth Capital downgraded shares of Myomo (NYSEAMERICAN:MYO) from a buy rating to a neutral rating in a research note released on Wednesday morning, reports.

A number of other equities research analysts have also weighed in on MYO. Ascendiant Capital Markets assumed coverage on shares of Myomo in a research note on Tuesday, July 30th. They set a buy rating and a $2.00 target price on the stock. Zacks Investment Research lowered shares of Myomo from a hold rating to a sell rating in a research note on Saturday.

Myomo stock traded down $0.03 during trading hours on Wednesday, reaching $0.51. The stock had a trading volume of 58,299 shares, compared to its average volume of 135,937. Myomo has a 52 week low of $0.43 and a 52 week high of $2.01.

A hedge fund recently raised its stake in Myomo stock. Jane Street Group LLC increased its stake in shares of Myomo Inc (NYSEAMERICAN:MYO) by 35.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,751 shares of the company’s stock after purchasing an additional 29,281 shares during the period. Jane Street Group LLC owned approximately 0.66% of Myomo worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

About Myomo

Myomo, Inc, a wearable medical robotics company, designs, develops, and produces myoelectric orthotics for people with neuromuscular disorders in the United States. The company offers MyoPro, a myoelectric-controlled upper limb brace or orthosis used for the purpose of supporting a patient's weak or deformed arm to enable and improve functional activities of daily living, ADLs, in the home and community.

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