Electromed (ELMD) Posts Quarterly Earnings, Hits Estimates
Electromed (NASDAQ:ELMD) posted its quarterly earnings results on Tuesday. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.03), Analyst Ratings.Net reports. The company had revenue of $3.50 million for the quarter, compared to the consensus estimate of $3.54 million.
On a related note, analysts at Feltl & Co. raised their price target on shares of Electromed from $1.80 to $2.75 in a research note on Tuesday, December 31st. They now have a “buy” rating on the stock. They noted that the move was a valuation call.
Electromed (NASDAQ:ELMD) opened at 1.65 on Tuesday. Electromed has a 52-week low of $0.90 and a 52-week high of $3.50. The stock has a 50-day moving average of $1.84 and a 200-day moving average of $1.25. The company’s market cap is $13.4 million.
Electromed, Inc (NASDAQ:ELMD) is engaged in the business of providing airway clearance products applying high frequency chest wall oscillation (HFCWO) technologies in pulmonary care for patients of all ages.
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