STRATA Skin Sciences (SSKN) Given a $5.00 Price Target by HC Wainwright Analysts
HC Wainwright set a $5.00 price target on STRATA Skin Sciences (NASDAQ:SSKN) in a research report released on Wednesday. The brokerage currently has a buy rating on the medical device company’s stock.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered STRATA Skin Sciences from a strong-buy rating to a hold rating in a report on Wednesday, August 1st. Dawson James assumed coverage on STRATA Skin Sciences in a report on Tuesday, September 4th. They issued a buy rating on the stock.
SSKN traded up $0.13 during trading on Wednesday, reaching $2.66. The company’s stock had a trading volume of 13 shares, compared to its average volume of 201,531. STRATA Skin Sciences has a 52-week low of $1.09 and a 52-week high of $3.88. The firm has a market capitalization of $86.83 million, a PE ratio of 1.31 and a beta of 0.82. The company has a current ratio of 4.77, a quick ratio of 4.20 and a debt-to-equity ratio of 0.22.
Hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. lifted its position in shares of STRATA Skin Sciences by 89.7% during the 2nd quarter. Macquarie Group Ltd. now owns 134,033 shares of the medical device company’s stock valued at $275,000 after acquiring an additional 63,393 shares during the period. Nantahala Capital Management LLC acquired a new stake in shares of STRATA Skin Sciences during the 2nd quarter valued at approximately $4,261,000. Renaissance Technologies LLC lifted its position in shares of STRATA Skin Sciences by 164.6% during the 2nd quarter. Renaissance Technologies LLC now owns 293,499 shares of the medical device company’s stock valued at $602,000 after acquiring an additional 182,579 shares during the period. Menora Mivtachim Holdings LTD. acquired a new stake in shares of STRATA Skin Sciences during the 2nd quarter valued at approximately $1,138,000. Finally, EAM Investors LLC acquired a new stake in shares of STRATA Skin Sciences during the 3rd quarter valued at approximately $830,000. Institutional investors own 27.48% of the company’s stock.
About STRATA Skin Sciences
STRATA Skin Sciences, Inc, a medical technology company, focuses on the therapeutic and aesthetic dermatology market. The company operates through three segments: Dermatology Recurring Procedures, Dermatology Procedures Equipment, and Dermatology Imaging. Its products include XTRAC laser and VTRAC excimer lamp systems used for the treatment of psoriasis, vitiligo, and other skin conditions; the STRATAPEN MicroSystems, a micropigmentation device; and Nordlys, a multi-technology aesthetic laser device for treating vascular and pigmented lesions.
Further Reading: 52-Week High/Low
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