Motus GI (MOTS) Coverage Initiated at Piper Jaffray Companies
Stock analysts at Piper Jaffray Companies assumed coverage on shares of Motus GI (NASDAQ:MOTS) in a research note issued on Sunday, The Fly reports. The firm set an “overweight” rating on the stock.
Shares of Motus GI (MOTS) traded up $0.04 during trading on Friday, reaching $4.98. 27,335 shares of the company’s stock were exchanged, compared to its average volume of 96,522. Motus GI has a 1-year low of $3.75 and a 1-year high of $5.28.
In other Motus GI news, major shareholder Life Sciences Maste Perceptive purchased 1,000,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average price of $5.00 per share, with a total value of $5,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary J. Pruden purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average cost of $5.00 per share, for a total transaction of $250,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 1,175,000 shares of company stock worth $5,875,000 in the last ninety days.
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Motus GI Holdings, Inc is a medical technology company. The Company is developing Pure-Vu system that integrates with existing colonoscopes to cleanse poorly prepped colons during the colonoscopy procedure. The Pure-Vu system uses a precise mixture of water and air to loosen debris from the colon mucosa while simultaneously evacuating the bowel contents, clearing the way for the endoscopist to perform a high quality examination, even when the patient is not fully clean prior to their procedure.
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