Dextera Surgical Inc. (NASDAQ:DXTR) shares were down 5.9% during mid-day trading on Tuesday . The stock traded as low as $0.16 and last traded at $0.16. Approximately 3,184,300 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 3,701,248 shares. The stock had previously closed at $0.17.
Several research analysts have recently issued reports on DXTR shares. Zacks Investment Research raised shares of Dextera Surgical from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Ladenburg Thalmann Financial Services started coverage on shares of Dextera Surgical in a research note on Wednesday, August 16th. They issued a “buy” rating and a $0.80 target price on the stock.
Dextera Surgical (NASDAQ:DXTR) last announced its earnings results 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 business had revenue of $0.69 million for the quarter, compared to analysts’ expectations of $0.62 million. analysts forecast that Dextera Surgical Inc. will post -0.25 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Broadfin Capital LLC grew its stake in shares of Dextera Surgical by 64.7% in the second quarter. Broadfin Capital LLC now owns 987,520 shares of the medical instruments supplier’s stock valued at $296,000 after buying an additional 388,080 shares in the last quarter. Virtu KCG Holdings LLC grew its stake in shares of Dextera Surgical by 1,380.6% in the second quarter. Virtu KCG Holdings LLC now owns 369,918 shares of the medical instruments supplier’s stock valued at $111,000 after buying an additional 344,933 shares in the last quarter. Finally, Perkins Capital Management Inc. bought a new position in shares of Dextera Surgical in the second quarter valued at $100,000. 6.21% of the stock is owned by institutional investors and hedge funds.
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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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