Pulse Biosciences Inc (NASDAQ:PLSE) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.42 and traded as low as $12.19. Pulse Biosciences shares last traded at $12.44, with a volume of 2,318 shares traded.
A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Pulse Biosciences from a “hold” rating to a “buy” rating in a report on Thursday, March 21st. ValuEngine upgraded shares of Pulse Biosciences from a “hold” rating to a “buy” rating in a report on Monday, March 11th. Finally, HC Wainwright assumed coverage on shares of Pulse Biosciences in a report on Monday, February 25th. They issued a “buy” rating and a $27.00 target price on the stock.
The company has a debt-to-equity ratio of 0.02, a quick ratio of 17.13 and a current ratio of 17.13. The company has a market cap of $252.46 million, a P/E ratio of -5.57 and a beta of 1.88.
Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in shares of Pulse Biosciences by 7.7% in the third quarter. Bank of New York Mellon Corp now owns 66,284 shares of the company’s stock worth $940,000 after purchasing an additional 4,734 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Pulse Biosciences by 29.9% in the third quarter. Vanguard Group Inc. now owns 334,907 shares of the company’s stock worth $4,752,000 after purchasing an additional 77,157 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Pulse Biosciences in the fourth quarter worth $159,000. Northern Trust Corp grew its stake in shares of Pulse Biosciences by 10.2% in the fourth quarter. Northern Trust Corp now owns 121,031 shares of the company’s stock worth $1,387,000 after purchasing an additional 11,212 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Pulse Biosciences by 49.5% in the fourth quarter. Geode Capital Management LLC now owns 117,149 shares of the company’s stock worth $1,342,000 after purchasing an additional 38,763 shares during the last quarter. Hedge funds and other institutional investors own 9.09% of the company’s stock.
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Pulse Biosciences Company Profile (NASDAQ:PLSE)
Pulse Biosciences, Inc operates as a clinical stage medical therapy company. It engages in the research and development, and commercialization of CellFX system that provides a precise and non-thermal cellular treatment technology delivering nanosecond duration energy pulses that impact cells in treated tissue while sparing surrounding non-cellular tissue primarily for dermatology applications.
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