Dextera Surgical Inc. (DXTR) Shares Gap Down Following Analyst Downgrade
Dextera Surgical Inc. (NASDAQ:DXTR)’s share price gapped down prior to trading on Thursday after Wedbush lowered their price target on the stock from $3.50 to $0.70. The stock had previously closed at $0.25, but opened at $0.26. Wedbush currently has an outperform rating on the stock. Dextera Surgical shares last traded at $0.27, with a volume of 2,043,929 shares.
Separately, Zacks Investment Research lowered shares of Dextera Surgical from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th.
A hedge fund recently bought a new stake in Dextera Surgical stock. Perkins Capital Management Inc. acquired a new stake in Dextera Surgical Inc. (NASDAQ:DXTR) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 333,983 shares of the medical instruments supplier’s stock, valued at approximately $100,000. Perkins Capital Management Inc. owned approximately 3.74% of Dextera Surgical as of its most recent filing with the SEC. Institutional investors and hedge funds own 7.19% of the company’s stock.
The company’s market cap is $2.56 million. The company has a 50-day moving average of $0.27 and a 200 day moving average of $0.76.
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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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