TransEnterix, Inc. (NYSEAMERICAN:TRXC) shares traded up 6.3% during trading on Friday . The company traded as high as $1.41 and last traded at $1.36. 7,644,768 shares changed hands during trading, an increase of 195% from the average session volume of 2,588,287 shares. The stock had previously closed at $1.28.
A number of analysts have commented on the company. Zacks Investment Research lowered TransEnterix from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. BTIG Research raised TransEnterix from a “neutral” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Tuesday, May 14th. Finally, Piper Jaffray Companies assumed coverage on TransEnterix in a report on Wednesday, May 22nd. They set a “neutral” rating and a $1.60 price objective for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $3.52.
TransEnterix (NYSEAMERICAN:TRXC) last posted its earnings results on Thursday, May 9th. The medical instruments supplier reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $2.18 million for the quarter, compared to analysts’ expectations of $4.50 million.
About TransEnterix (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.
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