PMI (NYSEAMERICAN:PMI) Reaches New 52-Week Low – What’s Next?

PMI (NYSEAMERICAN:PMI) hit a new 52-week low during trading on Monday . The stock traded as low as $4.10 and last traded at $5.1450, with a volume of 178569 shares traded. The stock had previously closed at $4.3950.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PMI. HC Wainwright reissued a “neutral” rating on shares of PMI in a research note on Wednesday, June 3rd. Zacks Research upgraded PMI to a “hold” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

PMI Trading Down 16.2%

The firm’s fifty day simple moving average is $12.60. The company has a current ratio of 0.75, a quick ratio of 0.16 and a debt-to-equity ratio of 0.01.

PMI (NYSEAMERICAN:PMI) last issued its quarterly earnings results on Friday, May 15th. The company reported ($5.00) earnings per share (EPS) for the quarter. The company had revenue of $1.15 million for the quarter. On average, sell-side analysts forecast that PMI will post -8.5 earnings per share for the current year.

About PMI

Picard Medical Inc is a medical technology company which manufactures and sells the only total artificial heart. Picard Medical Inc is based in TUCSON, Ariz.