Endologix (NASDAQ:ELGX) Stock Price Up 10.4%
Endologix, Inc. (NASDAQ:ELGX)’s stock price traded up 10.4% during trading on Wednesday . The company traded as high as $2.55 and last traded at $2.54, 244,800 shares were traded during trading. An increase of 10% from the average session volume of 222,728 shares. The stock had previously closed at $2.30.
Several research analysts have recently commented on ELGX shares. Royal Bank of Canada set a $7.00 price target on Endologix and gave the stock a “hold” rating in a research report on Friday, August 9th. ValuEngine cut Endologix from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research downgraded Endologix from a “hold” rating to a “sell” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.17.
The company has a market capitalization of $45.39 million, a PE ratio of -0.33 and a beta of 0.25. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.22 and a quick ratio of 1.55. The stock’s 50 day simple moving average is $2.97 and its 200-day simple moving average is $5.22.
Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position in Endologix by 315.1% in the 3rd quarter. Millennium Management LLC now owns 101,945 shares of the medical instruments supplier’s stock valued at $404,000 after buying an additional 77,388 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Endologix in the third quarter valued at $42,000. Russell Investments Group Ltd. acquired a new stake in shares of Endologix in the third quarter valued at $96,000. Walleye Trading Advisors LLC acquired a new stake in shares of Endologix in the second quarter valued at $158,000. Finally, Walleye Trading LLC purchased a new position in Endologix in the second quarter valued at $158,000. Institutional investors own 75.64% of the company’s stock.
About Endologix (NASDAQ:ELGX)
Endologix, Inc develops, manufactures, markets, and sells medical devices for the treatment of abdominal aortic aneurysms in the United States and internationally. The company offers minimally-invasive endovascular aneurysm repair (EVAR), including AFX (Anatomical Fixation) endovascular AAA system, which is a minimally invasive delivery system; VELA Proximal Endograft, which is designed for the treatment of proximal aortic neck anatomies with AFX; and the Ovation abdominal stent graft system.
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