Baird Medical Investment (NASDAQ:BDMD) Trading 0.7% Higher – Still a Buy?

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) rose 0.7% on Friday . The company traded as high as $1.44 and last traded at $1.40. Approximately 178,756 shares traded hands during trading, an increase of 47% from the average daily volume of 121,344 shares. The stock had previously closed at $1.39.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Baird Medical Investment in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Baird Medical Investment from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Baird Medical Investment Trading Up 0.7%

The company has a 50 day simple moving average of $1.43 and a 200-day simple moving average of $2.57.

Institutional Trading of Baird Medical Investment

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of Baird Medical Investment by 59.7% during the 2nd quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock valued at $93,000 after buying an additional 9,511 shares during the last quarter. Jane Street Group LLC acquired a new position in Baird Medical Investment in the second quarter valued at approximately $142,000. Finally, Citadel Advisors LLC bought a new position in shares of Baird Medical Investment during the third quarter valued at approximately $99,000. Institutional investors own 19.78% of the company’s stock.

About Baird Medical Investment

Baird Medical Investment Holdings Ltd. is a medical technology company, which engages in the development and provision of medical devices. It is also involved in the design, development, manufacturing, and sale of microwave ablation medical devices, as well as sale of other medical devices. The company was founded on June 16, 2023 and is headquartered in Guangzhou, China.