Sonendo, Inc. (NYSE:SONX – Get Free Report) shares shot up 6.2% during mid-day trading on Friday. The stock traded as high as $0.85 and last traded at $0.85. Approximately 1,043 shares were traded during trading, a decline of 19% from the average daily volume of 1,280 shares. The stock had previously closed at $0.80.
Sonendo Trading Up 6.2%
The firm has a market cap of $4.06 million, a price-to-earnings ratio of -0.01 and a beta of 1.81. The company’s 50-day moving average price is $1.05 and its 200-day moving average price is $0.71. The company has a quick ratio of 1.22, a current ratio of 1.82 and a debt-to-equity ratio of 0.55.
Sonendo Company Profile
Sonendo, Inc is a medical technology company focused on improving endodontic, or root canal, treatment. The company develops and commercializes technology designed to help dental professionals clean and disinfect the complex internal anatomy of teeth during root canal procedures.
Its principal product is the GentleWave System, which uses advanced fluid dynamics, acoustic energy and treatment fluids to support the removal of tissue and debris and the disinfection of root canal systems. The system is intended for use by dentists and endodontists as an alternative or complement to conventional root canal instrumentation techniques.
Sonendo was founded in 2006 and is headquartered in Irvine, California.
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