Amedica Co. (NASDAQ:AMDA) traded down 19.1% during mid-day trading on Friday . The stock traded as low as $0.35 and last traded at $0.38. 2,903,474 shares traded hands during mid-day trading, an increase of 368% from the average session volume of 619,997 shares. The stock had previously closed at $0.47.
Separately, ValuEngine upgraded Amedica from a “hold” rating to a “buy” rating in a report on Wednesday, July 4th.
An institutional investor recently raised its position in Amedica stock. Renaissance Technologies LLC lifted its position in Amedica Co. (NASDAQ:AMDA) by 152.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 302,996 shares of the medical equipment provider’s stock after buying an additional 182,900 shares during the quarter. Renaissance Technologies LLC owned approximately 6.86% of Amedica worth $286,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 9.99% of the company’s stock.
Amedica Corporation, a biomaterial company, develops, manufactures, and commercializes a range of medical devices based on its silicon nitride technology platform in the United States, Europe, and South America. The company offers silicon nitride implants to surgeons and hospitals for use in cervical and thoracolumbar spine surgery under the Valeo brand.
Further Reading: Moving Average (MA)
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