Orthofix International N.V. Trading Up 4.1% After Better-Than-Expected Earnings (OFIX)
Shares of Orthofix International N.V. (NASDAQ:OFIX) were up 4.1% on Thursday following a stronger than expected earnings report, Analyst Ratings Network reports. The stock traded as high as $32.65 and last traded at $31.20, with a volume of 155,443 shares traded. The stock had previously closed at $29.98.
The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.07. The company had revenue of $101.34 million for the quarter, compared to the consensus estimate of $101.10 million. During the same quarter last year, the company posted $0.37 earnings per share. Orthofix International N.V.’s revenue was down 1.9% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Orthofix International N.V. to an “underperform” rating in a research note on Friday, April 11th. They now have a $22.90 price target on the stock. Analysts at Jefferies Group raised their price target on shares of Orthofix International N.V. from $34.00 to $36.00 in a research note on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.97.
The stock’s 50-day moving average is $30.31 and its 200-day moving average is $23.92. The company’s market cap is $567.8 million.
Orthofix International N.V. (NASDAQ:OFIX) is a diversified, global medical device company focused on developing and delivering repair and regenerative solutions to the spine and orthopedic markets.
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