SafeStitch Medical (TRXC) Shares Down 6.2%

SafeStitch Medical Inc. (NYSEAMERICAN:TRXC) was down 6.2% on Wednesday . The company traded as low as $1.68 and last traded at $1.70. Approximately 1,495,600 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 2,403,482 shares. The stock had previously closed at $1.60.

A number of equities research analysts have recently weighed in on TRXC shares. Zacks Investment Research lowered SafeStitch Medical from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. BTIG Research reiterated a “hold” rating on shares of SafeStitch Medical in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $2.61.

Several hedge funds have recently bought and sold shares of the company. Iguana Healthcare Management LLC purchased a new position in shares of SafeStitch Medical in the fourth quarter worth $241,000. Redmile Group LLC purchased a new stake in SafeStitch Medical during the fourth quarter valued at $9,684,000. LPL Financial LLC purchased a new stake in SafeStitch Medical during the fourth quarter valued at $327,000. EAM Investors LLC purchased a new stake in SafeStitch Medical during the fourth quarter valued at $1,333,000. Finally, Virtu Financial LLC purchased a new stake in SafeStitch Medical during the fourth quarter valued at $109,000.

ILLEGAL ACTIVITY WARNING: “SafeStitch Medical (TRXC) Shares Down 6.2%” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3335450/safestitch-medical-trxc-shares-down-6-2.html.

SafeStitch Medical Company Profile

TransEnterix, Inc, a medical device company, engages in the research, development, and sale of medical device robotics to enhance minimally invasive surgery. The company offers Senhance System, a multi-port robotic surgery system, which allows up to four arms to control robotic instruments and a camera in Europe.

Receive News & Ratings for SafeStitch Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SafeStitch Medical and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Comparing Clean Energy Fuels  & UGI
Comparing Clean Energy Fuels & UGI
Head to Head Comparison: Avinger  vs. Its Competitors
Head to Head Comparison: Avinger vs. Its Competitors
Comparing Quest Diagnostics  & Biocept
Comparing Quest Diagnostics & Biocept
Reviewing Destiny Media Tech  and eGain
Reviewing Destiny Media Tech and eGain
Topaz Coin  Tops 24-Hour Volume of $0.00
Topaz Coin Tops 24-Hour Volume of $0.00
Cannation Reaches Market Capitalization of $81,370.00
Cannation Reaches Market Capitalization of $81,370.00


© 2006-2018 Ticker Report. Google+.