Dextera Surgical (DXTR) Stock Price Down 6.7%

Dextera Surgical Inc (NASDAQ:DXTR)’s share price was down 6.7% during mid-day trading on Tuesday . The stock traded as low as $0.14 and last traded at $0.14. Approximately 1,769,100 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 3,578,225 shares. The stock had previously closed at $0.15.

Several equities analysts have issued reports on DXTR shares. Zacks Investment Research upgraded 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 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 released its earnings results on Thursday, November 9th. The medical instruments supplier reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02). The company had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $0.62 million. equities research analysts forecast that Dextera Surgical Inc will post -0.25 EPS for the current fiscal year.

An institutional investor recently raised its position in Dextera Surgical stock. Virtu KCG Holdings LLC raised its stake in Dextera Surgical Inc (NASDAQ:DXTR) by 1,380.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 369,918 shares of the medical instruments supplier’s stock after acquiring an additional 344,933 shares during the quarter. Virtu KCG Holdings LLC owned approximately 4.14% of Dextera Surgical worth $111,000 at the end of the most recent reporting period. Institutional investors own 4.49% of the company’s stock.

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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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